ACC 491 Complete Class All Weeks DQs and Assignments Get Entire Class here ACC 491 Contemporary Auditing I – Entire Class Week 1 Individual Generally Accepted Auditing Standards Paper Write a 700- to 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: •
Describe the elements of the Generally Accepted Auditing Standards (GAAS).
Describe how these standards apply to financial, operational, and compliance audits.
• Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies. •
Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB.
Week 2 Individual Assignments From the Text Resource:Modern Auditing: Assurance Services and the Integrity of Financial Reporting Preparewritten answers toChapter 1: Comprehensive Question 1-23 – Organizations associated with the public accounting profession.
Learning Team Auditing, Attestation, and Assurance Services Paper Write a 1,050- to 1,400-word paper in which you compare and contrast auditing, attestation, and assurance services. In your paper, be sure to include 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
Week 3 Individual Assignments From the Text Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare written answers to the following assignments:
1. Chapter 5: Comprehensive Questions 5-30 – Assertions 2. Chapter 6: Comprehensive Questions 6-22 – Audit Evidence 3. Chapter 7: Comprehensive Questions 7-22 – Understanding the Entity and its Environment Learning Team Assessing Materiality and Risk Simulation Resources: Assessing Materiality and Risk located on the Week Two Materials page Complete the simulation and prepare a 350-word total (not per question) response to the following questions:
• Why do certain accounts have to be audited 100%? • Why is materiality allocated only to those accounts that are sampled? • Is any component of audit risk within the control of the auditor? Explain. How are the three risks that make up audit risk interrelated?
Week 4 Individual Assignments From the Text Resource:Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare answers to the following assignments: 1. Chapter 8: Comprehensive Questions 8-16 – Analytical procedures 2. Chapter 10: Comprehensive Questions 10-32 – Components of Internal Control 3. Chapter 11: Comprehensive Questions 11-21 – Assessing Control Risk
Learning Team Apollo Shoes Case Assignment Resources: Apollo Shoes Case Materials located on the Week Three Materials page Review the Planning section, with emphasis on the Apollo Accounting and Control Procedures Manual and the Apollo Shoe Minutes. Complete the Internal Control audit section of the case. Week 5 Individual Assignments From the Text Resource:Modern Auditing: Assurance Services and the Integrity of Financial Reporting Download the Adobe® Reader® version of Ch. 11 and 13 to complete this assignment. • • •
Click on the link for Ch. 11 of Modern Auditing on the course website. Click Download eBook on the left-hand side of the page. Download Ch. 11 and 13 of Modern Auditing.
Prepare written answers to the following assignments: •
Ch. 11: Learning Check 11-6
Learning Team Audit Sampling Case Memo
Resource:Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare a 1,400- to 1,750-word memo to the Audit Partner, John Smith, summarizing your findings from the following case: •
Ch. 13: Case: Mt. Hood Furniture—PPS sampling problemCase 13-36
Also, since John Smith is primarily a visual person, he has asked for all memos to be summarized and put into a presentation. Prepare 10-15 Microsoft® PowerPoint® slides, with speaker notes, illustrating your Audit Sampling Case Memo. Please submit your memo and presentation. ACC 491 Week 1-4 All DQs