ACCT 622 is advanced auditing in Liberty's MS in Accounting. All of its graded work is written: three case studies from Knapp's auditing casebook (3 to 8 pages each), three critiques of classmates' case studies, a 5 to 7-page audit risk analysis memo on whether to accept a company as a client, and a critique of a classmate's memo.
Liberty's catalog lists the course as ACCT 622 Advanced Auditing, 3 credit hours; Canvas and the course guide file print it as ACCT622.
What ACCT 622 covers
The catalog 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 Broad (PCAOB) and Classic Court Cases affecting auditors.
The course applies auditing procedures through cases in which auditing was prominent: the auditor's ethical responsibilities, the responsibility to detect fraud, the events that led to the Public Company Accounting Oversight Board (PCAOB) and classic court cases affecting auditors. The text is Knapp, Contemporary Auditing: Real Issues and Cases.
The rhythm alternates: a case study thread one week, a critique of a classmate's case the next. Each case study should draw on at least 5 practitioner and scholarly journal sources.
Textbook named in the published guide: Knapp, Contemporary Auditing: Real Issues & Cases (2015). Check the current edition in your Canvas section.
ACCT 622 assignments, week by week
Every graded written assignment in the published guide has its own how-to guide below. Quizzes, exams, checklists and class introductions are left out because there is nothing to write.
| Week | Assignment | Points | Length |
|---|---|---|---|
| 1 | Discussion Board Forum 1 Case Study | 150 | Usually 3 to 8 pages, double-spaced, 12-point font (depends on the case questions) |
| 2 | Discussion Board Forum 1 Critique | 100 | Length depends on the case; a substantive critique |
| 3 | Discussion Board Forum 2 Case Study | 150 | Usually 3 to 8 pages, double-spaced, 12-point font |
| 4 | Discussion Board Forum 2 Critique | 100 | A substantive critique |
| 5 | Discussion Board Forum 3 Case Study | 150 | Usually 3 to 8 pages, double-spaced, 12-point font |
| 6 | Discussion Board Forum 3 Critique | 100 | A substantive critique |
| 7 | Audit Risk Analysis Project | 150 | 5 to 7 pages, not including title and reference pages |
| 8 | Audit Risk Analysis Project Critique | 100 | A substantive critique |
Week 1: Discussion Board Forum 1 Case Study
Answer the questions on the assigned Knapp case in a thread of usually 3 to 8 pages, with at least 5 practitioner and scholarly references. How to write ACCT 622 Week 1 Discussion Board Forum 1 Case Study.
Week 2: Discussion Board Forum 1 Critique
A critical evaluation of a classmate's Forum 1 case study. How to write ACCT 622 Week 2 Discussion Board Forum 1 Critique.
Week 3: Discussion Board Forum 2 Case Study
The second Knapp case study, usually 3 to 8 pages with at least 5 journal references. How to write ACCT 622 Week 3 Discussion Board Forum 2 Case Study.
Week 4: Discussion Board Forum 2 Critique
A critical evaluation of a classmate's Forum 2 case study. How to write ACCT 622 Week 4 Discussion Board Forum 2 Critique.
Week 5: Discussion Board Forum 3 Case Study
The third Knapp case study, usually 3 to 8 pages with at least 5 journal references. How to write ACCT 622 Week 5 Discussion Board Forum 3 Case Study.
Week 6: Discussion Board Forum 3 Critique
A critical evaluation of a classmate's Forum 3 case study. How to write ACCT 622 Week 6 Discussion Board Forum 3 Critique.
Week 7: Audit Risk Analysis Project
As an audit manager, a 5 to 7-page memo to the partner assessing whether a company is acceptable as an audit client. How to write ACCT 622 Week 7 Audit Risk Analysis Project.
Week 8: Audit Risk Analysis Project Critique
A thoughtful critique of a classmate's audit risk analysis memo, posted in the forum. How to write ACCT 622 Week 8 Audit Risk Analysis Project Critique.
How ACCT 622 is graded
The published guide totals 1,010 points. The three case study threads are 150 each (450), the three critiques 100 each (300), the audit risk analysis project 150, its critique 100 and the checklist 10.
| Graded item | Points |
|---|---|
| Case Study Threads (3) | 450 |
| Reply Critiques (3) | 300 |
| Audit Risk Analysis Project | 150 |
| Audit Risk Analysis Project Critique | 100 |
| Course Requirements Checklist | 10 |
The published scale puts an A at 940 to 1010 points.
Week timing in the published guide: Module/Week one begins on Monday and ends at 11:59 p.m. (ET) on Friday. Modules/Weeks 2-8 begin on Saturday and end at 11:59 p.m. (ET) on Friday.
How to approach ACCT 622
Read each assigned Knapp case early and note its questions; most cases need 3 to 8 double-spaced pages to answer well.
Build a reference list of practitioner journals (Journal of Accountancy, The CPA Journal) and scholarly journals (Auditing: A Journal of Practice and Theory) to reach the 5-source minimum quickly.
Questions students ask
How long are ACCT 622 case studies?
Length depends on the case questions, but the guide says most cases require 3 to 8 pages, double-spaced, 12-point font, with at least 5 practitioner and scholarly journal references.
What is the ACCT 622 audit risk analysis project?
A 5 to 7-page memo, written as an audit manager, assessing whether a company is acceptable as an audit client for the partner.
Working through ACCT 622 now?
Tell us the week and the assignment. A tutor who knows the course replies with a plan for the draft.