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For more classes visits www.snaptutorial.com ACC 490 Week 1 Generally Accepted Auditing Standards Paper ACC 490 Week 1 – DQ 1 – PowerPoint PPT presentation

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Title: ACC 490 Inspiring Innovation--snaptutorial.com


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ACC 490 Inspiring Innovation--snaptutorial.com
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Entire Course     For more classes
visits www.snaptutorial.com           ACC 490
Week 1 Generally Accepted Auditing Standards
Paper ACC 490 Week 1 DQ 1   ACC 490 Week 1 DQ
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 1 DQ 1     For more classes
visits www.snaptutorial.com     Why is public
accounting often viewed as a guarantor of
results, or even as a provider of assurance that
ones investment is of high quality? To what
extent is it reasonable to view the auditor as a
guarantor? Explain. To what extent do you believe
that user expectations of the public accounting
profession appear to be unwarranted?
Explain.                 
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ACC 490 Inspiring Innovation--snaptutorial.com
   ACC 490 Week 1 DQ 2     For more classes
visits www.snaptutorial.com   The Sarbanes-Oxley
Act of 2002 has been described as the most
far-reaching legislation affecting business since
the passage of the 1933 Securities Act. What are
the specific portions of the legislation that
affect the external audit profession, and how do
they affect the profession? How does the
legislation affect the internal audit profession?
What are some activities that are implied in the
legislation, as well as activities that will
likely emerge as companies implement various
provisions of the act? Do you believe the
legislation enhances the power and prestige of
the audit profession, or alternatively, does it
decrease both the power and prestige of the
profession? Explain.v                   
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 1 Generally Accepted Auditing
Standards Paper     For more classes
visits www.snaptutorial.com       Generally
Accepted Auditing Standards Paper    Prepare a
700-1,050-word paper in which you explain the
nature and functions of auditing. Relate your
explanation to the audit functions in your
organization, or an organization with which you
are familiar. In your paper, be sure to address
the following                 
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ACC 490 Inspiring Innovation--snaptutorial.com
   ACC 490 Week 2 DQ 1     For more classes
visits www.snaptutorial.com     Why is public
accounting often viewed as a guarantor of
results, or even as a provider of assurance that
ones investment is of high quality? To what
extent is it reasonable to view the auditor as a
guarantor? Explain. To what extent do you believe
that user expectations of the public accounting
profession appear to be unwarranted?
Explain.                   
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 2 DQ 2     For more classes
visits www.snaptutorial.com     The third
generally accepted standard of audit fieldwork
requires that auditors obtain sufficient,
competent audit evidence to afford a reasonable
basis for an opinion regarding the financial
statements under examination. In considering what
constitutes sufficient, competent audit evidence,
a distinction should be made between underlying
accounting data and all corroborating information
available to the auditor. What presumptions can
be made about the following?                  
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 2 Individual Ch. 1 Textbook
Exercise     For more classes visits www.snaptutor
ial.com     Resources Ch. 1 of Modern Auditing
Assurance Services and the Integrity of Financial
Reporting Prepare written answers to the
following assignment from Modern Auditing
Assurance Services and the Integrity of Financial
Reporting   Ch. 1 Comprehensive Question 1-23
Organizations Associated with the Public
Accounting Profession.                 
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ACC 490 Inspiring Innovation--snaptutorial.com
  ACC 490 Week 2 Learning Team Auditing,
Attestation, and Assurance Services Paper     For
more classes visits www.snaptutorial.com   Prepare
a 1,050- to 1,400-word paper in which you
compare and contrast auditing, attestation, and
assurance services. In your paper, address the
following   An example of each type of
service Who might request such a service?
What standards apply to each service and who
establishes those standards?                 
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ACC 490 Inspiring Innovation--snaptutorial.com
      ACC 490 Week 3 DQ 1     For more classes
visits www.snaptutorial.com           What are
the two types of audit tests? What are some
examples of each of these two types of tests? How
will the auditor use the data gathered from these
tests?                 
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 3 DQ 2     For more classes
visits www.snaptutorial.com     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 490 Inspiring Innovation--snaptutorial.com
   ACC 490 Week 3 Learning Team Ch. 6 and 7
Textbook Exercises     For more classes
visits www.snaptutorial.com Resources Ch. 6 7
of Modern Auditing Assurance Services and the
Integrity of Financial Reporting   Prepare
written answers to the following assignments from
the text Modern Auditing Assurance Services and
the Integrity of Financial Reporting          
Ch. 6 Comprehensive Question 6-26 Audit
Programs and Assertions                   
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ACC 490 Inspiring Innovation--snaptutorial.com
ACC 490 Week 4 DQ 1     For more classes
visits www.snaptutorial.com       Why do auditors
find it necessary to use sampling? What are the
risks associated with sampling? How might these
risks affect the audit conclusion?              
    
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ACC 490 Inspiring Innovation--snaptutorial.com
ACC 490 Week 4 DQ 2     For more classes
visits www.snaptutorial.com     How does the
auditor evaluate the results of audit procedures?
What types of qualitative factors might the
auditor consider when encountering an error? How
might the results affect the audit
conclusion?                   
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 4 IndividualCh. 8, 10, and 11
Textbook Exercises     For more classes
visits www.snaptutorial.com         Resources
Ch. 8, 10, 11 of Modern Auditing Assurance
Services and the Integrity of Financial
Reporting Prepare written answers to the
following assignments from Modern Auditing
Assurance Services and the Integrity of Financial
Reporting                   
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ACC 490 Inspiring Innovation--snaptutorial.com
   ACC 490 Week 4 Learning Team Apollo Shoes Case
Assignment     For more classes
visits www.snaptutorial.com         Resources
Apollo Shoes Case materials located on the
student website   Complete the Internal Control
audit section of the case using the Apollo Shoes
Case materials, available under the Assessment
section of Week Three on the student
website.                  
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 4 Learning Team Apollo Shoes
Case Assignment     For more classes
visits www.snaptutorial.com         Resources
Apollo Shoes Case materials located on the
student website   Complete the Internal Control
audit section of the case using the Apollo Shoes
Case materials, available under the Assessment
section of Week Three on the student
website.                  
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ACC 490 Inspiring Innovation--snaptutorial.com
    ACC 490 Week 5 Learning Team Audit Sampling
Case Memo and Presentation     For more classes
visits www.snaptutorial.com   Resources Ch. 13
of Modern Auditing Assurance Services and the
Integrity of FinancialReporting   Prepare a
1,400- to 1,750-word memo to the Audit Partner,
John Smith, summarizing your findings from the
following case found in Ch. 13 of Modern
Auditing Assurance Services and the Integrity of
Financial Reporting                 
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ACC 490 Inspiring Innovation--snaptutorial.com
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