ACC 460 Inspiring Minds/newtonhelp.com

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ACC 491 Inspiring Minds/newtonhelp.com
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ACC 491 All Assignments

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•  ACC 491 Week 1 Textbook Problem 1-20, 1-21,
  2-18, 2-20, 2-21 
• ACC 491 Week 2 Ethics, Legal Liability, Audit
  Responsibilities Quiz (Score 100)  
• ACC 491 Week 3 Scenario Assignment (Barnes
  Noble) 
• ACC 491 Week 3 Fraud Article Summary
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ACC 491 Week 1 DQ 1

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• The American Institute of Certified Public
  Accountants (AICPA) and the Institute of Internal
  Auditors (IIA) have positioned the auditing
  professions to become assurance professions.
  What is the difference between assurance
  services, attestation services, and auditing
  services? What are the economic issues that drive
  the increased demand for assurance services? What
  is one assurance engagement and one attestation
  engagement other than an audit of financial
  statements? What are the differences between the
  two?

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ACC 491 Week 1 DQ 2

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• The ten Generally Accepted Auditing Standards
  (GAAS) provide the foundation for all other
  auditing standards and interpretations. What is
  the definition of the standard of due
  professional care, and how might a court decide
  whether an audit firm met the standard?  Why is
  independence often considered the cornerstone of
  the auditing profession? Why were independence
  issues a primary concern of Congress when they
  developed the Sarbanes-Oxley Act?
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ACC 491 Week 1 Self Guided Quiz

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• 1. In your own words, define Auditing.
• 2. Discuss the importance of Evidence in
  auditing.
• 3. Define Independence and Objectivity as
  they relate to auditing.
•  4. Audits typically consist of three phases
  Planning Fieldwork Reporting. Describe
  activities that accompany each phase.  
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ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18,
2-20, 2-21

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• Write a brief response, 30 to 90 words for each
  question.
• Text Problem 1-20
• Distinguish between auditing and accounting.
• Text Problem 1-21
• Differentiate between the three main types of
  audits and auditors.
• Text Problem 2-18 

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ACC 491 Week 2 DQ 1

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• What is the purpose of engagement planning? What
  critical information should the auditor consider
  during engagement planning? How will this
  information affect the scope of the audit?
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ACC 491 Week 2 DQ 2

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• What are the components of the audit risk model?
  How does the audit risk model impact an audit
  plan?

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ACC 491 Week 2 Ethics, Legal Liability, Audit
Responsibilities Quiz (Score 100)

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•  Question  1 
•     One of the main reasons people act
  unethically is that they choose to act selfishly.
•         True
•         False
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ACC 491 Week 3 DQ 1

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• How are analytical procedures used in an audit
  engagement? What premise underlies the use of
  analytical procedures in auditing? What sources
  of information can an auditor use to develop
  expectations? Give examples.

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ACC 491 Week 3 DQ 2

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• Why do auditors have to consider the internal
  controls of the organization? What are some key
  elements of internal control? Which are the most
  important? How will the auditor have to modify
  the audit program if the internal controls are
  deemed inadequate to support management
  assertions?
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ACC 491 Week 3 Fraud Article Summary

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•  Research an article in the University Library or
  from another credible source. The article should
  be about a recent accounting fraud incident
  within a company.
• Summarize the article in 350 to 525 words.
• Describe any measures you believe could have been
  used to avoid the problems presented in the
  article.
• Click the Assignment Files tab to submit your
  assignment in a Microsoft Word document.
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ACC 491 Week 3 Scenario Assignment (Barnes
Noble)

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• You are a senior manager for the highly
  successful regional CPA firm of Fine, Dee, Evah,
  Dense, LLP (Fine). Since its inception nearly 30
  years ago, Fines audit practice has exclusively
  consisted of auditing private and not-for-profit
  organizations. Recently, the partners have been
  considering an opportunity to audit a
  publically-traded company for the company your
  team has selected.
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ACC 491 Week 3 Team Scenario Assignment (Amazon)

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• Week 3 Team Assignment Document
• You are a senior manager for the highly
  successful regional CPA firm of Fine, Dee, Evah,
  Dense, LLP (Fine). Since its inception nearly 30
  years ago, Fines audit practice has exclusively
  consisted of auditing private and not-for-profit
  organizations.

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ACC 491 Week 3 Team Scenario Assignment (Lockheed
Martin)

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• Week 3 Team Assignment Document
• You are a senior manager for the highly
  successful regional CPA firm of Fine, Dee, Evah,
  Dense, LLP (Fine). Since its inception nearly 30
  years ago, Fines audit practice has exclusively
  consisted of auditing private and not-for-profit
  organizations. Recently, the partners have been
  considering an opportunity to audit a
  publically-traded company for the company your
  team has selected.

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ACC 460 Week 4 Exercise 13-20 Recording Revenue
and Related Expense Transactions

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•  Complete the following questions in Exercise
  13-20, p. 570
• 1-5
• Click the Assignment Files tab to submit your
  assignment.
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ACC 491 Week 4 Assignment Internal Control, COSO
and SOX

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•  Write a paper on COSO and how it relates to
  Sarbanes-Oxley and the auditing of public
  companies in 700 to 1,050 words. Address the
  following
•          Provide a brief history of COSO.
•          Describe the five components and 17
  principles of the COSO Framework.

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ACC 491 Week 4 DQ 1

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• What are some of the different types of sampling
  methods that are available to the auditor? How
  does the auditor decide which method to use? How
  will the different methods affect the audit?
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ACC 491 Week 4 DQ 2

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• What is the importance of defining the population
  when performing audit procedures? How will this
  affect the sample size? How will incorrectly
  defining the population affect the sampling unit?
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ACC 491 Week 4 Team Scenario Assignment Cheat
Sheet on Evidence and Documentation

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•  In further preparation for your audit of the
  company your team selected, you decided to gather
  your team and discuss Audit Evidence and
  Documentation Standards for this audit. Your
  preparation included a review of evidence and
  documentation literature (Chapter 7).   
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ACC 491 Week 5 Fraud Auditing (2 Papers)

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•  Write a 750- to 1,050-word paper on fraud
  auditing and IT auditing.
•          Describe the different kinds of fraud
  andthe Fraud Triangle, an auditor's
  responsibility to identify and assess fraud 
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ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Amazon)

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• Create a 20- to 30-minute presentation, with 15
  to 20 slides based the team scenario assignments
  from Weeks 3 and 4 (Initial Risk Assessment,
  Analytical Procedures, Materiality and Risk,
  Audit Tests, Work Programs, Evidence and
  Documentation, Report on Internal Controls, COSO
  and SOX). 
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ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Apple)

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• Complete questions 15-17, a and b.
• Click the Assignment Files tab to submit your
  assignment.
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ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Barnes Noble)

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• Create a 20- to 30-minute presentation, with 15
  to 20 slides based the team scenario assignments
  from Weeks 3 and 4 (Initial Risk Assessment,
  Analytical Procedures, Materiality and Risk,
  Audit Tests, Work Programs, Evidence and
  Documentation, Report on Internal Controls, COSO
  and SOX). 
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ACC 491 Inspiring Minds/newtonhelp.com