Internal Controls Audit and Fraud Prevention & Detection Schedule
Q-1, 2015
Topic
Reading Assignment Due
Assignment to Turn in - in class on the Due Date
Aug 24
MODULE 1 – INTERNAL CONTROLS AUDIT
1. Overview & COSO Framework
ACL Overview
Whittington/Pany Ch 7
Accessing Professional Standards Online
Lanza
Alchemy Case
Pany_ACL Sage Advice
Aug 26
2. Internal Controls in Financial Statement Audits
Whittington/Pany Ch 7
AU 315, 402
AT 801
ACL 1 (10 points)
Aug 31
3. Internal Control in an Information Technology Environment – Understanding the IT Environment
4. Internal Control in an Information Technology Environment – Auditors’ Consideration
Whittington/Pany Ch 8
Quiz 1
Sep 2
5. Integrated Audits of Public Companies
Whittington/Pany 18
PCAOB – AS5
PCAOB Reports
ACL 2 (10 points)
Quiz 2
Sep 7
No Class – Labor Day
Sep 9
MODULE 2--FRAUD
PREVENTION & DETECTION
1a Fraud Introduction
1b Interviewing Witnesses
Wells Ch 1 & 16
Wells Why Employees Commit Fraud
Wells Sherlock Holmes, CPA, Parts 1 & 2
Wells Ten Steps to a Top-Notch Interview
Vrij article
Friday Sep 11
Professional Perspectives – KPMG (11:30am-1:30pm in BAC 216)
KPMG Cases
Sep 14
2a Skimming
2b Cash Larceny
3a Billing Schemes
3b Check Tampering
Wells Ch. 2,3
Wells Ch. 4, 5
Wells Billing Schemes Parts 1-4
ACL 3 (15 points)
Friday
Sep 18
Midterm Exam – Module 1 (11:30am-1:30pm in BAC 216)
Sep 21
3c Money Laundering
4a Payroll Schemes
4b Expense Reimbursement Schemes
Wells Ch. 6,7
Wells Keep Ghosts Off the Payroll
FATF article
Wells The Padding That Hurts
Web Money Gets Laundering Rule
Carolina Wilderness Outfitters Case
Quiz 3
Sep 23
5a Register Disbursements Schemes
5b Non-Cash Assets
5c Corruption
Wells 8, 9, 10
Wells Ghost Goods How to Spot Phantom Inventory
Hollate Case
ACL 4 (20 points)
Sep...