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ACC 491 Week 1 DQ 1
ACC 491 Entire Course
ACC 491 Week 1 Individual Assignment Generally
Accepted Auditing Standards PaperACC 491 Week 1
DQ 1ACC 491 Week 1 DQ 2ACC 491 week 2
Individual Assignments From the TextACC 491 Week
2 Team Assignment Auditing, Attestation, and
Assurance Services PaperACC 491 Week 2 DQ 1ACC
491 Week 2 DQ 2ACC 491 week 3 Individual
Assignments From the TextACC 491 week 3 Team
Assignments From the Text
The American Institute of Certified Public
Accountants (AICPA) and the Institute of Internal
Auditors (IIA) have positioned the auditing
professions to become assurance professions.
What is the difference between assurance
services, attestation services, and auditing
services? What are the economic issues that drive
the increased demand for assurance services? What
is one assurance engagement and one attestation
engagement other than an audit of financial
statements? What are the differences between the
two?
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ACC 491 Week 1 Individual Assignment Generally
Accepted Auditing Standards Paper
ACC 491 Week 1 DQ 2
The ten Generally Accepted Auditing Standards
(GAAS) provide the foundation for all other
auditing standards and interpretations. What is
the definition of the standard of due
professional care, and how might a court decide
whether an audit firm met the standard? Why is
independence often considered the cornerstone of
the auditing profession?
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).
4 ACC 491 Potential Instructors / snaptutorial
ACC 491 Week 2 DQ 2
ACC 491 Week 2 DQ 1
What is the purpose of engagement planning? What
critical information should the auditor consider
during engagement planning? How will this
information affect the scope of the audit?
What are the components of the audit risk model?
How does the audit risk model impact an audit
plan?
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ACC 491 Week 2 Team Assignment Auditing,
Attestation, and Assurance Services Paper
ACC 491 Week 2 Individual Assignments From the
Text
Resource Modern Auditing Assurance Services
and the Integrity of Financial Reporting Prepare w
ritten answers to Chapter 1 Comprehensive
Question 1-23 Organizations associated with the
public accounting profession.
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.
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ACC 491 Week 3 DQ 2
ACC 491 Week 3 DQ 1
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?
How are analytical procedures used in an audit
engagement? What premise underlies the use of
analytical procedures in auditing? What sources
of information can an auditor use to develop
expectations? Give examples.
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ACC 491 Week 3 Team Assignment Assessing
Materiality and Risk Simulation
ACC 491 Week 3 Individual Assignments From the
Text
Resource Modern Auditing Assurance Services and
the Integrity of Financial Reporting Prepare writt
en answers to the following assignments 1.
Chapter 5 Comprehensive Questions 5-30
Assertions
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?.
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ACC 491 Week 4 DQ 1
ACC 491 Week 3 Team Assignments From the Text
Resource Modern Auditing Assurance Services and
the Integrity of Financial Reporting Prepare writt
en answers to the following assignments 1.
Chapter 6 Comprehensive Question 6-26 Audit
Programs and Assertions 2. Chapter 7 Case
7-25 New Client Acceptance, part b only
What are some of the different types of sampling
methods that are available to the auditor? How
does the auditor decide which method to use? How
will the different methods affect the audit?.
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ACC 491 Week 4 Individual Assignments From the
Text
ACC 491 Week 4 DQ 2
What is the importance of defining the population
when performing audit procedures? How will this
affect the sample size? How will incorrectly
defining the population affect the sampling unit?
Resource Modern Auditing Assurance Services and
the Integrity of Financial Reporting Prepare answe
rs to the following assignments 1. Chapter
8 Comprehensive Questions 8-16 Analytical
procedures 2. Chapter 10 Comprehensive
Questions 10-32 Components of Internal Control
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ACC 491 Week 5 Individual Assignments From the
Text
ACC 491 Week 4 Team Assignment Apollo Shoes Case
Assignment
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.
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.
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ACC 491 Week 5 Team Assignment 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
FurniturePPS sampling problemCase 13-36
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