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
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 2 Individual Ch. 1 Textbook Exercise http://www.assignmentcloud.com/ACC-490/ACC-490-Week-2-Individual-Ch.-1-Textbook-Exercise 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 For more classes visit www.assignmentcloud.com
ACC 490 Week 4 Learning Team Apollo Shoes Case Assignment http://www.assignmentcloud.com/ACC-490/ACC-490-Week-4-Learning-Team-Apollo-Shoes-Case-Assignment 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. Review the Planning section, with emphasis on the Apollo Accounting and Control Procedures Manual and the Apollo Shoes Minutes, before completing the Internal Control audit section. For more classes visit www.assignmentcloud.com
ACC 490 Week 2 Learning Team Auditing, Attestation, and Assurance Services Paper http://www.assignmentcloud.com/ACC-490/ACC-490-Week-2-Learning-Team-Auditing,-Attestation,-and-Assurance-Services-Paper 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? Format your paper consistent with APA guidelines. For more classes visit www.assignmentcloud.com
ACC 490 Week 3 Learning Team Assessing Materiality and Risk Simulation http://www.assignmentcloud.com/ACC-490/ACC-490-Week-3-Learning-Team-Assessing-Materiality-and-Risk-Simulation Complete the Assessing Materiality and Risk simulation Prepare a 350-word response to following questions after completing the simulation: · 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 inter-related? 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
FOR MORE CLASSES VISIT www.acc421genius.com Scroll Down to See Details of the Questions Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. On July 1, 2014, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co., journalize the entry on July 1 and the adjusting entry on December 31. Dresser Company’s weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week.
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
FOR MORE CLASSES VISIT www.acc423mart.com This Tutorial contains Excel File which can be used for any change in values Week 5 Final Exam CPA Question 01 CPA Question 02 CPA Question 05 Question 29 Brief Exercise 15-4 Exercise 15-1 CPA Question 04 CPA
ACC 490 Week 1 Individual Generally Accepted Auditing Standards Paper http://www.assignmentcloud.com/ACC-490/ACC-490-Week-1-Individual-Generally-Accepted-Auditing-Standards-Paper Prepare 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. Address the following in your paper: 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. Format your paper consistent with APA guidelines. For more classes visit www.assignmentcloud.com