Title: ACC 491 Empower Learning/ indigohelp
1 ACC 491 Empower Learning/ indigohelp
2ACC 491 Educational Tutor/ indigohelp
ACC 491 Empower Learning/ indigohelp
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- 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?
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- 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 Paper
3ACC 491 Educational Tutor/ indigohelp
ACC 491 Empower Learning/ indigohelp
- ACC 491 Week 1 Individual Assignment Generally
Accepted Auditing Standards Paper
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- www.indigohelp.com
- 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?
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- 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).?
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- 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?
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- 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 Empower Learning/ indigohelp
- ACC 491 Week 2 Individual Assignments From the
Text
- ACC 491 Week 2 Team Assignment Auditing,
Attestation, and Assurance Services Paper
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- Resource Modern Auditing Assurance Services
and the Integrity of Financial Reporting - Prepare written answers to Chapter 1
Comprehensive Question 1-23 Organizations
associated with the public accounting profession.
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- 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.
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- 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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- 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?
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- ACC 491 Week 3 Individual Assignments From the
Text
- ACC 491 Week 3 Team Assignment Assessing
Materiality and Risk Simulation
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- 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
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- 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?.
8ACC 491 Educational Tutor/ indigohelp
ACC 491 Empower Learning/ indigohelp
- ACC 491 Week 3 Team Assignments From the Text
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- www.indigohelp.com
- Resource Modern Auditing Assurance Services and
the Integrity of Financial Reporting - Prepare written 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
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- 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
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- 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?
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- 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
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- ACC 491 Week 4 Team Assignment Apollo Shoes Case
Assignment
- ACC 491 Week 5 Individual Assignments From the
Text
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- 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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- 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.
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- ACC 491 Week 5 Team Assignment Audit Sampling
Case Memo
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- 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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