An International Meeting of the American Accounting Association 2005 Annual Meeting August 7–10, 2005 San Francisco, California Come to the City by the Bay!

Effective Learning Strategies Forum
Wednesday, August 10, 2005

Session 15
Business–Student Partnership: Linking Accounting Information Systems, Internal Control, and Auditing

Presenter:
Claire Kamm Latham, Washington State University

Description:
I present an external business-student partnership team project highly effective in linking key concepts in accounting information systems, internal control, and auditing for undergraduate accounting students over two semesters. Students establish a partnership with a business entity at the beginning of AIS in our curriculum. This relationship continues through the first Auditing class. As material is covered in class, students apply the concepts to their business entity. Students document a subsystem within the business entity’s accounting information system using a variety of tools, evaluate the same subsystem from an internal control perspective, and present the evaluation effectively (written and oral) to a target audience (the client).Their evaluation of internal control follows the COSO framework and includes an assessment of the control environment. Students then design an audit program for the documented subsystem demonstrating an understanding of audit objectives as well as evidence mix, apply sampling methodology, perform tests and evaluate evidence. Participants of this session will be able to adapt the project to their curriculum. A template will be provided upon request which includes step-by-step project description related to learning objectives in AIS and Auditing classes, student assignments in modules, external business documents, and evaluation guides.

Back to Wednesday Sessions

AAA Home Page