ACC 490 Week 3 DQ 2 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-3-DQ-2 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? For more classes visit www.assignmentcloud.com
ACC 490 Week 4 DQ 1 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-4-DQ-1 Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion? For more classes visit www.assignmentcloud.com
ACC 490 Week 3 DQ 1 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-3-DQ-1 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? For more classes visit www.assignmentcloud.com
ACC 490 Week 4 DQ 2 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-4-DQ-2 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? For more classes visit www.assignmentcloud.com
ACC 490 Week 2 DQ 1 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-2-DQ-1 Why is public accounting often viewed as a guarantor of results, or even as a provider of assurance that one’s 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. For more classes visit www.assignmentcloud.com
ACC 490 Week 1 DQ 1 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-1-DQ-1 Why is public accounting often viewed as a guarantor of results, or even as a provider of assurance that one’s 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. For more classes visit www.assignmentcloud.com
ACC 490 Week 1 DQ 2 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-1-DQ-2 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. For more classes visit www.assignmentcloud.com
ACC 490 Week 2 DQ 2 http://www.assignmentcloud.com/ACC-490/ACC-490-Week-2-DQ-2 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? · The relative competence of evidence obtained from external and internal sources. · The role of internal control with respect to internal evidence produced by a client’s data processing system. · The relative persuasiveness of auditor observation and recalculation evidence compared to external, external-internal, and internal documentary evidence. For more classes visit www.assignmentcloud.com
LO 2 P6-64A.(Leaning Objective 2: Compare inventory by three methods) Armed forces surplus began march 2016 with 80 tends that cost $15 each. During the month, Armed Forces Surplus made the following