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ACC576
Preview: ACC576 : Auditing and Business Concepts
Course Guide
Prerequisites
Course Description
Instructional Materials
ACC403 (Auditing)
This course covers advanced topics in auditing and the general business environment for students
pursuing a career in public accounting. Concepts covered include attestation engagements and
advanced accounting functions affecting businesses. Students analyze advanced audit and
accounting information and make recommendations both orally and in writing. Topics include
auditing procedures, domestic generally accepted auditing standards, audit reports, other
attestation reports, other professional services, the Sarbanes-Oxley Act of 2002, the Public
Company Accounting Oversight Board, the nature of business structures, the analysis of economic
concepts used in business, advanced aspects of the financial management of a business,
information technology issues in business, and the accounting planning and management functions
of a business.
Required Resources
Wiley. 2021. Wiley CPAexcel Exam Review July 2021 Study Guide: Auditing and Attestation.
Wiley. 2021. Wiley CPAexcel Exam Review July 2021 Study Guide: Business Environment and
Concepts.
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information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
NOTE: The links in this document do not function. Please refer to your course to view/download linked
content.
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This course uses CPAexcel. Please view the CPAexcel tab in the Left Hand Menu for
additional details.
Public Company Accounting Oversight Board. 2004. AS 1215: Audit Documentation.
https://pcaobus.org/Standards/Auditing/Pages/AS1215.aspx
Public Company Accounting Oversight Board. 2010. AS 2101: Audit Planning.
https://pcaobus.org/Standards/Auditing/Pages/AS2101.aspx
Public Company Accounting Oversight Board. 2017. AS 3101: The Auditor's Report on an Audit of
Financial Statements When the Auditor Expresses an Unqualified Opinion.
https://pcaobus.org/Standards/Auditing/Pages/AS3101.aspx
American Institute of CPAs | AICPA. No date. Clarified Preparation, Compilation and Review
Standards. https://www.aicpa.org/research/standards/compilationreview.html
Public Company Accounting Oversight Board. 2018. PCAOB Approves Five-Year Strategic Plan
and 2019 Budget. https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-
approves-five-year-strategic-plan-and-2019-budget_687
Supplemental Resources
Financial Accounting Standards Board. No date. FASB | Financial Accounting Standards Board.
https://www.fasb.org/home
Hiram Hasty. February 22, 2017. ASB Issues New Going Concern Auditing Standard.
http://www.journalofaccountancy.com/news/2017/feb/new-asb-going-concern-auditing-standard-
201715982.html#sthash.AlGtBB86.dpuf
Issuance Expands Application of Preparation and Compilation Standards. 2017. https://search-
ebscohost-com.libdatab.strayer.edu/login.aspx?direct=true&db=bth&AN=120541667&site=ehost-
live&scope=site
Joseph P. Petito. February 9, 2017. Supreme Court Decision Creates Liability Risk for CPA
Profession Regulators. http://www.journalofaccountancy.com/news/2017/feb/liability-risk-for-cpa-
profession-regulators-201715978.html#sthash.YGkyAB0A.dpuf
Ken Tysiac. February 16, 2017. PCAOB Form AP Staff Guidance Updated for Secondments.
http://www.journalofaccountancy.com/news/2017/feb/pcaob-form-ap-guidance-
201716050.html#sthash.eADzYA50.dpuf
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Course Learning Outcomes
Weekly Course Schedule
Week 1 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Auditing
and
Attestation.
CPAexcel: Complete the lectures and knowledge checks in the Week 1 CPAexcel Study Materials.
Discuss: Introduce yourself and complete the discussion, Audit Documentation.
CPAexcel: Complete Week 1 - Quiz 1.
CPAexcel: Complete Week 1 - Quiz 2.
Week 2 - To Do List
Neil Amato. 2017. The Value of Risk Interviews as Part of ERM Strategy. https://search-ebscohost-
com.libdatab.strayer.edu/login.aspx?direct=true&db=bth&AN=120541680&site=ehost-
live&scope=site
Review the key concepts and terminology of audits, including related
legislation, types of audits, standards, required evidence and reporting.
1
Review the key concepts of advanced business topics including: financial
management tools, methodologies, IT governance, information system
controls, methods of accounting, international economies and impact on
globalization.
2
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 2 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Auditing
and
Attestation.
CPAexcel: Complete the lectures and knowledge checks in the Week 2 CPAexcel Study Materials.
Discuss: Complete the discussion, Planning Activities.
CPAexcel: Complete Week 2 - Quiz 1.
CPAexcel: Complete Week 2 - Quiz 2.
Week 3 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Auditing
and
Attestation.
CPAexcel: Complete the lectures and knowledge checks in the Week 3 CPAexcel Study Materials.
Discuss: Complete the discussion, Combating Fraud With Internal Controls.
CPAexcel: Complete Week 3 - Quiz 1.
CPAexcel: Complete Week 3 - Quiz 2.
Week 4 - To Do List
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
https://atlas.strategiced.com/app#offering/9792372/course/9982091/preview/courseguide 5/11
Week 4 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Auditing
and
Attestation.
CPAexcel: Complete the lectures and knowledge checks in the Week 4 CPAexcel Study Materials.
Discuss: Complete the discussion, Clarity Project.
CPAexcel: Complete Week 4 - Quiz 1.
CPAexcel: Complete Week 4 - Quiz 2.
Week 5 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environments
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 5 CPAexcel Study Materials.
Discuss: Complete the discussion, Other Types of Reports.
CPAexcel: Complete Week 5 - Quiz 1.
CPAexcel: Complete Week 5 - Quiz 2.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 5 - To Do List
CPAexcel: Complete the Midterm Exam.
Week 6 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environment
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 6 CPAexcel Study Materials.
Discuss: Complete the discussion, Reviewing the PCAOB's Five-Year Strategic Plan.
CPAexcel: Complete Week 6 - Quiz 1.
CPAexcel: Complete Week 6 - Quiz 2.
Week 7 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environment
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 7 CPAexcel Study Materials.
Discuss: Complete the discussion, Globalization.
CPAexcel: Complete Week 7 - Quiz 1.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
https://atlas.strategiced.com/app#offering/9792372/course/9982091/preview/courseguide 7/11
Week 7 - To Do List
CPAexcel: Complete Week 7 - Quiz 2.
Week 8 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environment
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 8 CPAexcel Study Materials.
Discuss: Complete the discussion, Finance Strategies.
CPAexcel: Complete Week 8 - Quiz 1.
CPAexcel: Complete Week 8 - Quiz 2.
Week 9 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environment
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 9 CPAexcel Study Materials.
Discuss: Complete the discussion, Managing IT Risks.
CPAexcel: Complete Week 9 - Quiz 1.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Week 9 - To Do List
CPAexcel: Complete Week 9 - Quiz 2.
Week 10 - To Do List
Learn: Complete the assigned readings in Wiley
CPAexcel
Exam
Review
July
2021
Study
Guide:
Business
Environment
and
Concepts.
CPAexcel: Complete the lectures and knowledge checks in the Week 10 CPAexcel Study
Materials.
Discuss: Complete the discussion, Performance Metrics.
CPAexcel: Complete Week 10 - Quiz 1.
CPAexcel: Complete Week 10 - Quiz 2.
Week 11 - To Do List
Discuss: Complete the discussion, Course Wrap-Up.
CPAexcel: Complete the Final Exam.
Grading Scale
Participation Total Points % of Grade
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Participation Total Points % of Grade
Discussion Participation 160 16%
Assignment Total Points % of Grade
Week 1 - Quiz 1 20 2%
Week 1 - Quiz 2 20 2%
Week 2 - Quiz 1 20 2%
Week 2 - Quiz 2 20 2%
Week 3 - Quiz 1 20 2%
Week 3 - Quiz 2 20 2%
Week 4 - Quiz 1 20 2%
Week 4 - Quiz 2 20 2%
Week 5 - Quiz 1 20 2%
Week 5 - Quiz 2 20 2%
Week 5 - Midterm Exam 220 22%
Week 6 - Quiz 1 20 2%
Week 6 - Quiz 2 20 2%
Week 7 - Quiz 1 20 2%
Week 7 - Quiz 2 20 2%
Week 8 - Quiz 1 20 2%
Week 8 - Quiz 2 20 2%
Week 9 - Quiz 1 20 2%
Week 9 - Quiz 2 20 2%
Week 10 - Quiz 1 20 2%
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Participation Total Points % of Grade
Week 10 - Quiz 2 20 2%
Week 11 - Final Exam 220 22%
Totals 1000 100%
Final Course Grade
Points Percentage Grade
900 - 1000 90% - 100% A
800 - 899 80% - 89% B
700 - 799 70% - 79% C
0 - 699 69% and below F
Unique Course Features
Grading Scale Notation
Please consult the University Catalog and your academic advisor to determine the final grade needed
in this class to satisfy your specific degree conferral requirements.
CPAexcel
This course uses CPAexcel. Please view the CPAexcel tab in the Left Hand Menu for additional
details.
Lab Participation and Attendance Policy
The CPAexcel lab is used to support your learning in this course. However, activities completed in
CPAexcel do not count for attendance. You are only given credit for attendance when you complete
one of the following tasks in Blackboard before 11:59 p.m. EST on Sunday: submit a discussion
post, complete a quiz or exam, or submit an assignment. Be sure to complete one of these activities
each week in Blackboard to be counted present.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
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Assignments
© 2021 Strategic Education, Inc.
Ⓒ 2020 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary
information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed
written permission of Strayer University.
