Financial Statement Auditing: A Risk-Based Approach - Course

School: University of Wisconsin, Madison - Course: AIS 630 - Subject: Accounting

ACCT I S 630 Audit and Assurance Services University of Wisconsin-Madison Wisconsin School of Business SPRING 2023 Section 1-11:00-12:15 MW1140 Grainger Hall Section 2-1:00-2:15 MW 1140 Grainger Hall Professor Karla M. Zehms, Ernst & Young Professor and Associate Dean of Research & PhD Programs, CPA, PhD Email:[email protected] Office Hours: 12:15-12:50 MW and by appointment Office: 4133C Grainger Hall Course Website:https://canvas.wisc.edu/courses/280234 Required Materials: •K.M. Johnstone-Zehms, A. Gramling, and L. Rittenberg, 11th Edition, Cengage Publishing, 2019. Financial Statement Auditing: A Risk-Based Approach.https://www.cengage.com/c/auditing-a- risk-based-approach-11e-johnstone-zehms •Note that any version of the textbook is acceptable-electronic or paper. Course Description:Evolution of assurance services; role of assurance services as part of corporate governance; professional standards and ethical concepts; evidence concepts and evaluation of evidence, business and information technology risk analysis, the audit risk model, assurance reports, and development of audit and assurance programs. Requisites: (ACCT I S 301 or 701) or member of Business Exchange program Credits:3 credits following the traditional Carnegie definition (seeUW-Madison Credit Hour Policy for more information). Course Designation and Attributes:None Instructional Mode:This course is primarily an in-person course. Details on How Course Credit Hours are Met:We will meet for two 75-minute class sessions each week. I expect students to work on course learning activities (preparing for in-class discussions, completing assignments, etc.) for about 3 hours outside of the classroom for every class session. Regular and Substantive Student-Instructor Interaction: Students have direct interaction with the instructor two and a half hours per week and the instructor provides feedback on the graded components of the course. In addition, the instructor addresses academic engagement and course success as needed throughout the semester.

2Learning Outcomes: The Accounting Department and the School of Business articulates learning outcomes for our curriculum in terms of the following elements: KnowingConceptual expertise and awareness of facts, frameworks, and theories. DoingAbility to apply technical knowledge to novel problems. BeingUnderstanding of who I am and how my values match with the values of the university and the profession. InspiringUnderstanding of who I can be and how I can inspire others. NetworkingInteractions and relationships with others.