Financial Audit

General Course Information

Course Lecturer Name(s):  Mr. David Shaw, MBA

Course Director Name:  N/A

Course Lecturer(s) Contact Information:  extension 473-444-475 ext. 3746

Course Director Contact Information: N/A 

Course Lecturer(s) Office Hours:  TBD, by appointment 

Course Director Office Hours:  N/A

Course Lecturer(s) Office Location:  CB2 1st Floor

Course Director Office Location: N/A

Course Support: Tracey Fortune,, ext 3373

Course Management tool: To learn to use Sakai, the Course management tool, access the link

Course Curriculum Information

Course Description: 

In this course we examine the auditing tools, concepts, and techniques used by Auditors to provide information to internal managers, stockholders, and stakeholders.  Areas of study consist of professional ethics, internal control, and evidence-gathering techniques.

Course Objectives: 

At the successful completion of this course students will:

  1. Understand the responsibilities of an auditor.
  2. Be able to define professional ethics as it relates to an auditor.
  3. Have an understanding of the legal liabilities of the auditor in today's environment.
  4. Understand the need and limitations of audit evidence as it relates to materiality.
  5. Describe who is responsible to uncover fraud in an organization and if found, what course of action is expected.

Student Learning Outcomes:

1. By the end of this course, the student will have been introduced to the tools and concepts auditors may use to ensure that a company is reporting accurately.

Program Outcomes Met By This Course:

ISLO-1: Students will be able to apply ethical skills to lead and manage in their respective business discipline.

ISLO-6: Students will be able to evaluate/ audit accounting  records used to produce Financial Statements to conform with International Financial Reporting Standards

SAS Grading Scale: Grades will be assigned as follows:

A  = 89.5% or better

B+ = 84.5 - 89.4%

B  = 79.5 - 84.4%

C+ = 74.5 - 79.4%

C = 69.5 - 74.4%

D = 64.5 - 69.4%

F = 64.4% or less 

Course Materials:

Text: Auditing and Assurance Service - 14th Edition  By: Alvin A. Arens, Randal J. Elder and Mark S. Beasley

Supplementary Readings/Resources: N/A

Course Grading Requirement:


Class Participation



Written assignments and Quizzes








Course Requirements:

  1. Participation in class discussion
  2. Satisfactory completion of all written assignments
  3. Passes in both mid-term and final examination

Course Schedule

Week     Chapter    Activities 

  1. Chapter 1: The demand for Audit and other Assurance Services 
  2. Chapter 3: Audit Reports
  3. Chapter 4: Professional Ethics
  4. Chapter 5: Legal Liability                      
  5. Chapter 6: Audit Responsibilities and Objectives
  6. Chapter 7: Audit Evidence
  7. Mid-Term Examination                 
  8. Chapter 8: Audit Planning and Analytical Procedures
  9. Chapter 9: Materiality and Risk
  10. Chapter 10: Audits of Internal Control and Control Risk
  11. Chapter 11: Fraud Auditing
  12. Chapter 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  13. Chapter 17: Audit Sampling for Tests of Details of Balance
  14. Chapter 24: Completing the Audit
  15. Chapter

School of Arts and Sciences Master Syllabi — Info for All Sections

Plagiarism Policy

Academic Integrity

The St. George’s University Student Manual (2019/2020) states as follows:

Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).

Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.

Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.

Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.

Attendance Requirement

The St. George’s University Student Manual (2019/2020) states as follows:

Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).

Examination Attendance

The St. George’s University Student Manual (2019/2020) states as follows:

All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).

For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.

Student Accessibility and Accommodation Services Policy

The St. George’s University Student Manual (2019/2020) states as follows:

A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).


It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.