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    ACC 490 Week 1 Generally Accepted Auditing
Standards Paper ACC 490 Week 1 DQ 1
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    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
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    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
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    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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    Why is public accounting often viewed as a
guarantor
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    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
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    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
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    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
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    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
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    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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    Why do auditors have to consider the
internal controls of the
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    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
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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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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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  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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  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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  Resources Ch. 11 13 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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