MEMORIAL UNIVERSITY OF NEWFOUNDLAND

Faculty of Business Administration

Business 4131 (formerly 6130)

Auditing

Course Information and Schedule for Fall 2022

CONTACT INFORMATION
Instructor: Jessica Nugent, CA, CPA
Office: BN-2012
Office hours: Available by appointment.
E-mail: [email protected]

COURSE DESCRIPTION AND PREREQUISITES

This course covers the theory and practice of external auditing according to Canadian
Auditing Standards (CASs). The course also provides an overview of other assurance
services and reports.

CR: Business 4130, the former BUSI 6130

PR: BUSI 4101 (or the former BUSI 6100) with a final grade of at least 60%; or
BUSI 4102 (or the former BUSI 6110) with a final grade of at least 60%

OBJECTIVES
Learning objectives
By the end of this course, you will be able to:
 Explain the relevant theories and concepts in audit and assurance.
 Translate those theories and concepts into managerially relevant and useful
recommendations, in a given business situation.
 Analyze and evaluate an existing situation and identify the problem, the
symptoms of the problem and the related issues which require resolution.

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  Plan an integrated and comprehensive program to support the chosen
alternatives/strategy.
 Identify any relevant social and ethical issues raised by any part of the proposed
program/solution, and make adjustments to minimize harm.

Land Acknowledgement
The island of Newfoundland is the ancestral homeland of the Mi’kmaq and Beothuk. The
Inuit of Nunatsiavut and NunatuKavut and the Innu of Nitassinan, and their ancestors, are
the original inhabitants of Labrador.

This land acknowledgement is made as a call to action for greater reciprocity with First
Nations, Inuit, and Métis, and to recognize that Memorial University is founded on—and
continues to benefit from—land taken from Indigenous Peoples. Through this course and
within the classroom we strive to create and uphold respectful relationships with all
communities—Indigenous, immigrant, refugee, visitor, and settler—as we work towards
a more just future.

COURSE MATERIALS
Textbook

Auditing Fourth Canadian Edition WileyPLUS Next Gen Card 1 Semester, Moroney,
ISBN:
9781119709534
Or
Auditing Fourth Canadian Edition WileyPLUS Next Gen Card with Loose-Leaf Set 1
Semester,
Moroney, ISBN: 9781119709497
The correct edition of the textbook is required. It would be VERY challenging to pass
this course without a personal copy of the correct textbook.

Additional readings

The CICA handbook is accessible to all students through the library website. You can
search “knotia” or “CPA Canada Standards and Guidance Collection (CPACHB)” and
you will see the database or try this link: CPA Canada Standards and Guidance
Collection (CPACHB) (mun.ca).

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The handbook is the authority on Canadian Auditing Standards and is the only
consistently up-to-date resource. It is used in practice, in professional studies and we will
be referring to it in this course. Although it is often a daunting on initial read, the sooner
you become familiar with it the better it will be for you in the long run.

COURSE FORMAT
Classes
This course meets twice weekly, for 75-minute classes. Reading assignments for each
class are listed in the course schedule. To get the most out of this course, you should
complete the assigned readings before a given topic is covered in class.

Evaluation

Due date Item Value

Weekly (see schedule Quizzes (best 8 of 10 will 20%
below) be used)
October 4 Term test (MCQs and case- 20%
based)
November 3 Term test 20%
TBA Final examination 40%
Total: 100%

6.7.5 Exemptions from Parts of the Evaluation

1. For information and procedures regarding exemptions from final examinations,
refer to Exemptions From Final Examinations and Procedures for Applying to
Write Deferred Final Examinations.
2. A student is, at times, prevented from completing a part of the evaluation by
illness or medical conditions of less than five calendar days’ duration. In such
cases, a student may apply for an alternate evaluation by declaring to the relevant
instructor that the student has experienced such an illness or medical condition.
This declaration should be made via telephone or in writing through the student’s
University approved e-mail account. This declaration should be made in advance
of the original date on which an in-class part of the evaluation is to be held or a
take-home part of the evaluation is due, wherever possible, but no later than 48
hours after the original date of the part of the evaluation. If the declaration is
made by telephone, written confirmation must then be received by the relevant
instructor within seven calendar days of the original date of the part of the
evaluation.
3. A student who is prevented from completing a part of the evaluation by illness of
at least five calendar days’ duration, bereavement or other acceptable cause, duly
authenticated in writing, may apply for an alternate evaluation. This application
should be made in advance of the original date on which an in-class part of the
evaluation is to be held or a take-home part of the evaluation is due, wherever
possible, but no later than 48 hours after the original date of the part of the
evaluation. If application is made by telephone, written confirmation must then be

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 received by the head of the appropriate academic unit within seven calendar days
of the original date of the part of the evaluation. The following supporting
documentation is required:
 For illness or medical conditions, medical documentation from a health
professional is required. This should normally be in the form of the
Student Health Certificate, available at www.mun.ca/regoff/forms.php.
 For bereavement or other acceptable cause, official documents or letters
that support the reason for the request (e.g. death certificate, letter from
employer, etc.) are required.
2. The alternate evaluation may consist of the deferral of in-class work, the
extension of the deadline for take-home work, an alternative allocation of marks,
or another appropriate accommodation as determined by the course instructor. A
student who is dissatisfied with the accommodation offered by the instructor may
consult with the head of the appropriate academic unit.

Deferred examinations for any missed term tests will not be given. If a student has a
valid documented reason for missing a term test, the weight of the missed deliverable will
be added to a special comprehensive three-hour final examination. This examination will
include the regular two-hour final examination, plus additional questions covering the
material from the missed term test(s). Appropriate documentation for a missed
deliverable must be submitted, in writing, within one week of the missed deliverable.

Please note the Faculty of Business Administration Policy with respect to deferred final
exams.
 A student who is scheduled to write three final examinations which begin and end
within a twenty-four-hour period may request to write a deferred examination.
Normally, only the second examination in the twenty-four-hour period may be
deferred. The application to defer this examination should be made in writing to
the Undergraduate Programs Office by email to [email protected]. It should be
submitted as soon as possible after the release of the final examination schedule,
and in any case no later than two weeks before the end of the semester or session.
 A student who is prevented from writing a final examination by illness,
bereavement or other acceptable cause, duly authenticated in writing, may apply
to write a deferred examination. The application to defer the examination should
be made in person or via telephone to the Undergraduate Programs Office by
email to [email protected]. This application should be made in advance of the
examination wherever possible, but no later than 48 hours after the original date
of the examination. If application is made by telephone, written confirmation
must then be received by the Undergraduate Programs Office within seven
calendar days of the original date of the examination.
 All deferred final exams will be held at the commencement of the semester
following the one in which the deferred final exam has been approved.
 Deferred final exams will be written on the first Friday of the semester following
the semester in which the deferred exam was granted, with the exception of
Intersession.

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  For courses where classes were scheduled to start between 9:00 a.m. and 5:00
p.m., the deferred exam will be on the first Friday afternoon of the following
semester. (Note these deferred exams will start at 2:00 p.m.)
 For courses where classes were scheduled to start after 5:00 p.m., the deferred
exam will take place at 7:00 p.m. on the first Friday evening of the following
semester

NOTE: Deferred final exams will not be approved for personal travel.

Calculators

The only electronic device approved for use during an examination is a calculator.
Unless otherwise approved by your course instructor, calculators must adhere to the
following guidelines:
 A calculator must be non-programmable
 A calculator must not have the ability to store text
 A calculator must not have graphing capability
 A calculator must be non-communicating
 If you are unsure if your calculator is admissible, please check with your course
instructor before the examination.

Dictionaries

In this course, students whose first language is not English may use a paper dictionary in
examinations. Electronic translators are not permitted.

STUDENT ACCOMMODATION FOR ACCESSIBLE EDUCATION

The Blundon Centre (Student Life) supports all students who experience barriers to
accessing post-secondary education.  This includes students with disabilities or other
accessibility-related challenges. For more information about the Blundon Centre (Student
Life), or to register for your academic accommodations, please see
https://www.mun.ca/student/new-student-experience/access.php (Email:
[email protected] Telephone: (709) 864-2156 (VRS calls welcomed) Text: (709) 693-
0918).

COURSE WEBSITE/USE OF TECHNOLOGY

In addition to our face-to-face interactions, the course will use Brightspace, a Learning
Management System, to help facilitate communication and some administrative aspects
of the course, such as viewing grades. The site is available at: http://online.mun.ca

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You can login using your standard MUN login id and password that you use to access
other web services. If you encounter technical issues using or accessing the system, help
is available at http://www.citl.mun.ca or by calling 864-8700.

EXPECTATIONS
Professionalism
Professionalism is essential to success in business. A professional businessperson is
competent, knowledgeable, prepared, courteous, and respectful to both peers and
customers. A professional atmosphere in the classroom promotes a positive learning
environment. Please:
 Prepare properly for all classes
 Arrive on time
 Employ basic courtesy at all times and to all class members:
 If you bring your mobile phone to class, turn it off.
 If you bring your computer to class, do not distract others by using it for non-
course-related activities (e.g., checking Facebook, playing games). The professor
will ban computers from class if he/she decides that there are too many
disruptions from their use.
 Honor work commitments you make to members of your group.

Honesty, Integrity & Academic Dishonesty

Members of the university community are expected to adhere to very high standards of
honesty. Breaches of these standards cannot be tolerated, as they insult the integrity of
each of us. Academic offences include, but are not limited to:
 Cheating on examinations, assignments, or any other tests;
 Impersonating another student or allowing oneself to be impersonated for
purposes of taking an exam or carrying out an assignment;
 Plagiarism;
 Theft of examination papers or other material;
 Use and/or distribution of material that has been improperly obtained;
 Submitting false information;
 Submitting work for one course that has been or is being submitted for another
course without express permission to do so.
For further information, see General Regulation 6.12 at
https://www.mun.ca/regoff/calendar/sectionNo=REGS-0748 in the University Calendar.

Avoiding Plagiarism
Some assignments may require you to use information from another source. Such
information may take the form of quotations, summaries, paraphrases, or facts or ideas
that are not common knowledge. Whatever its form, the source of the information must
be clearly documented by in-text citations referring to a list of references at the end of the
paper. Omitting such documentation is plagiarism. Plagiarism is a very serious
academic offense that may result in a range of penalties up to and including expulsion
from the University.

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Documenting Sources
For detailed information on how to document sources properly, students are referred to:
Finnbogason, J., and Valleau, A., A Canadian Writer’s Pocket Guide (Second Edition),
Scarborough, ON: Nelson, (a division of Thompson Canada Limited), 2002. The
preferred format for documentation in the Faculty of Business Administration is the APA
style.

ADDITIONAL SUPPORT FOR STUDENTS

 If you are pursuing an undergraduate business program it is your responsibility to be

familiar with undergraduate program regulations, course prerequisites  and to
seek academic advice when needed. You can download Navigate to book a virtual
appointment with your academic advisor or email [email protected] for inquiries.
 MUNUp is Memorial’s online resource hub to help students succeed while learning
remotely. Checking the site for details on activities, and supports and services.
Explore the virtual student success centre  and find out about help centres,
technical support and accessibility services.

 The SWCC at Memorial University provides counselling, health, and wellness

support for students including primary health care, counselling, health promotion,
disease prevention, and wellness education. To book an appointment, visit
mun.ca/studentwellness/about/Booking.php

 Please check the Registrar’s Office webpage at for important dates at

https://www.mun.ca/regoff/registration-and-final-exams/important-dates-and-
deadlines/ and registration matters at https://www.mun.ca/regoff/registration-and-
final-exams/how-to-register/ .

 Administrative inquiries for the Faculty of Business Administration may be directed

to the Academic Programs Office, Faculty of Business Administration, Memorial
University of Newfoundland:
Contact us: [email protected] | www.business.mun.ca
Follow us: Facebook: www.facebook.com/MUNBusiness |
Twitter: www.twitter.com/MUNBusiness |
Instagram: www.instagram.com/MUNBusiness | LinkedIn: faculty-
of-business-at-memorial-university-of-newfoundland

COURSE SCHEDULE

Class Chapter Optional reading Evaluation

September 6 1 CAS 200
September 8 1 CAS 200
September 13 2 CAS 210/220 Chapter 1 quiz

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September 15 2 CAS 210/220
September 20 3 CAS Chapter 2 quiz
240/300/540/570
September 22 3 CAS
240/300/540/570
September 27 4 CAS 315/320
September 29 4 CAS 315/320 Chapter 3 and 4 quiz
October 4 In-class Term test 1- MCQ and
test- case
Chapters 1-
4
October 6 5 CAS 500/501
October 11 6 CAS 530/505 Chapter 5 quiz
October 13 6 CAS 530/505
October 18 7 CAS 330 Chapter 6 quiz
October 20 7 CAS 330
October 25 (no in person class 8 CAS 330/530 Chapter 7 quiz (will be
today) in assignment format)
October 27 (no in-person class 8/9 CAS 330/530
today)
November 1 9 Chapter quiz (8 and 9
Last day to drop class without
academic prejudice
November 3 In class test- Term Test 2- MCQ and
Chapters 1- case
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November 8 10
November 10 10
November 15 11 Chapter 10 quiz
November 17 11
November 22 12 Chapter 11 quiz
November 24 13
November 29 14 CAS 560/450 Chapter quiz (Chapters
CSRE 2400 12, 13, 14)
CSRS 4200
December 1 (last lecture) Exam
Review

In the case of a class cancellation, at the instructor’s request of the Associate Dean of the
Faculty of Business Administration, [email protected] will issue notice of the
cancellation by e-mail using @mun.ca accounts all students registered in the course.
Every attempt will be made to provide students as much notice of the cancellation as
possible. When possible, cancellation notice will also be posted by the instructor in the
Brightspace course shell(s). Please monitor your @mun.ca email account on a regular
basis.

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