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Online · School of Business · Accounting, Economics, and Finance

Advanced Auditing

  • CG
  • Section 8WK
  • 11/08/2019 to 04/16/2020
  • Modified 01/28/2020

Course Description

This advanced course provides students with actual applications of auditing procedures by exploring cases in which auditing was prominent and includes: Auditor’s Ethical Responsibilities, Auditor’s Responsibility to Detect Fraud, Event leading to creation of the Public Company Accounting Oversight Board (PCAOB) and Classic Court Cases affecting auditors.



ACCT 511 and ACCT 531 and (BMAL 590 or Meets BMAL590 / 27 hrs in BUSI with a score of 3)


The new CPA Examination spends more time (4½ hours) on Auditing than on any other topic. In addition, the Exam spends 1½ hours on Regulations (Securities and Exchange Commission; PCAOB). In order to perform well on the CPA Exam and to gain perspective on historic events leading to auditing as currently practiced, an auditing course at the Master’s level is needed.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Critique the work done by auditors in actual situations, based upon the existing professional standards.
  2. Assess the effect of the auditor’s adherence to or divergence from a Christian worldview, based upon the auditor’s work.
  3. Assess the risk associated with the acceptance of a proposed audit client.
  4. Evaluate scholarship relevant to generally accepted auditing standards.

Course Resources

Required Resource Purchases

Knapp, M. C. (2018). Contemporary auditing: Real issues & cases (11th ed.). Boston, MA: Cengage. ISBN: 9781305970816.

Undergraduate Auditing Textbook (2009 or more recent). If you do not have one, we recommend:

Louwers, T., Ramsay, R., & Sinason, D. (2018). Auditing and assurance services (7th ed.). New York, NY: McGraw-Hill Education. (This required resource has been provided in this course as an e-book). However, if the student prefers a physical copy of the book, he or she may purchase it through the Liberty University Online bookstore, MBS Direct. The purchase of the physical copy of the textbook is optional.

Disclaimer: The above resources provide information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in these resources.

 Recommended Resource

American Psychological Association. Publication manual of the American Psychological Association (Current ed.). Washington, DC: Author.

Additional Materials for Learning

    1. Computer with basic audio/video output equipment
    2. Internet access (broadband recommended)
    3. Blackboard recommended browsers
    4. Microsoft Office

Course Assignments

Textbook readings and presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (3)

Each forum is to be completed in 2 parts: 1) a thread/case study that addresses questions about cases presented in the textbook, and 2) a reply that critically evaluates a classmate’s thread/case study. Quality work will need to incorporate practitioner’s journals and scholarly journals as outside sources with a minimum of 5 references. Each case study/critique will vary in length depending on the questions in the text. However, the majority of the cases will require 3–8 pages, double-spaced, 12-point font, to receive a passing grade.

Audit Risk Analysis Project

The Audit Risk Analysis Project requires the student to assume the role of an audit manager of a public accounting firm. The firm has been asked by an audit partner to assess the acceptability of a company as an audit client. This is to be written as a memo summarizing this assessment. Your project should be 5–7 pages, not including the title or references page.

Audit Risk Analysis Project Critique

The Audit Risk Analysis Critique requires the student to submit a thoughtful critique of another student’s Audit Risk Analysis Project within the Discussion Board Forum. This should be the product of mature reflection.

Course Grading

Course Requirements Checklist


Discussion Board Forums


Thread/Case Study (3 at 150 pts ea)


Reply/Critique (3 at 100 pts ea)


Audit Risk Analysis Project


Audit Risk Analysis Project Critique





Late Assignment Policy

Course Assignments, including discussion boards, exams, and other graded assignments, should be submitted on time.

If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email.

Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

  1. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
  2. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
  3. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
  4. Group projects, including group discussion board threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability Assistance

Students with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at [email protected] for accommodations.  Such accommodations require appropriate documentation of your condition.   For more information about ODAS and the accommodations process, including how to request an accommodation, please visit Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at [email protected].  Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy or the Student Disability Grievance Policy and Procedures.

Course Attendance

In an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion board posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy can be found in the Academic Course Catalogs. Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion board post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non-Attendance). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

A- B+ B B- C+ C C- D+ D D- F
940-1010 920-939 900-919 860-899 840-859 820-839 780-819 760-779 740-759 700-739 680-699 679 and below

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy

The full policy statement and procedures are published in the Policy Directory.

Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at


ACCT 622

Textbook:    Knapp, Contemporary Auditing: Real Issues & Cases (2018).

Module/ Week

Reading & Study




Knapp: Section 1 Case Study

1 presentation

Course Requirements Checklist

Class Introductions

DB Forum 1 Thread/Case Study





Classmate Case Study

1 presentation

DB Forum 1 Reply/Critique



Knapp: Choose Case Study Sections 2–5

1 presentation

DB Forum 2 Thread/Case Study



Classmate Case Study

1 presentation

DB Forum 2 Reply/Critique



Knapp: Choose Case Study Sections 6–8

1 presentation

DB Forum 3 Thread/Case Study



Classmate Case Study

1 presentation

DB Forum 3 Reply/Critique



Journal Articles

1 presentation

Audit Risk Analysis Project



Classmate Audit Risk Analysis Project

1 presentation

Audit Risk Analysis Project Critique





DB = Discussion Board

NOTE: Each course module/week begins on Monday morning at 12:00 a.m. (ET) and ends on Sunday night at 11:59 p.m. (ET).  The final module/week ends at 11:59 p.m. (ET) on Friday.