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FOR MORE CLASSES VISIT www.acc410outlet.com ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs ACC 410 Week 1 DQ 2 Audit Reports ACC 410 Week 1 Assignment Generally Accepted Auditing Standards ACC 410 Week 2 DQ 1 Balance Sheet Verification ACC 410 Week 2 DQ 2 Accounting Principles ACC 410 Week 2 Assignment Analytical Procedures ACC 410 Week 3 DQ 1 Audit Programs ACC 410 Week 3 DQ 2 Internal Control Procedures – PowerPoint PPT presentation

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Title: ACC 410 OUTLET Real Education Real Results/acc410outletdotcom


1
ACC 410 OUTLET Real Education Real
Results/acc410outletdotcom
  • FOR MORE CLASSES VISIT
  • www.acc410outlet.com

2
ACC 410 Entire Course
  • FOR MORE CLASSES VISIT
  • www.acc410outlet.com
  • ACC 410 Week 1 DQ 1 Internal vs. External Audit
    Staffs
  • ACC 410 Week 1 DQ 2 Audit Reports
  • ACC 410 Week 1 Assignment Generally Accepted
    Auditing Standards
  • ACC 410 Week 2 DQ 1 Balance Sheet Verification
  • ACC 410 Week 2 DQ 2 Accounting Principles
  • ACC 410 Week 2 Assignment Analytical Procedures
  • ACC 410 Week 3 DQ 1 Audit Programs
  • ACC 410 Week 3 DQ 2 Internal Control Procedures

3
ACC 410 Week 1 Assignment Generally Accepted
Auditing Standards
  • FOR MORE CLASSES VISIT
  • www.acc410outlet.com
  • ACC 407 Week 1 DQ 1 Partnership Agreements
  • ACC 407 Week 1 DQ 2 Partnership Liquidation.
    Complete Case C16-6
  • ACC 407 Week 1 Assignment Partnership Problems
    Complete E16-8
  • ACC 407 Week 2 DQ 1 Risk Associated with
    Acquisitions Complete Case C1-6
  • ACC 407 Week 2 DQ 2 Choice of Accounting Method
    Complete Case C2-1
  • ACC 407 Week 2 Assignment Consolidation Problems
    Complete P1-37 and P3-31
  • ACC 407 Week 3 DQ 1 Negative Retained Earnings
    Complete Case C4-3
  • ACC 407 Week 3 DQ 2 Taking Account of Ethics

4
ACC 410 Week 1 DQ 1 Internal vs. External Audit
Staffs
  • FOR MORE CLASSES VISIT
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  • Internal vs. External Audit Staffs. Spacecraft,
    Inc., is a large corporation that is audited
    regularly by a public accounting firm but also
    maintains an internal auditing staff. Explain
    briefly how the relationship of the public
    accounting firm to Spacecraft differs from the
    relationship of the internal auditing staff to
    Spacecraft.

5
ACC 410 Week 1 DQ 2 Audit Reports
  • FOR MORE CLASSES VISIT
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  • Audit Reports. Evaluate the following question
    If a CPA firm completes a nonpublic company
    audit of Adam Companys financial statements
    following IACPA generally accepted auditing
    standards and is satisfied with the results of an
    audit, an unmodified report may be issued. On the
    other hand, if no audit is performed of the
    current years financial statements, but the CPA
    firm has performed satisfactory audits in prior
    years, has confidence in the management of the
    company

6
ACC 410 Week 2 Assignment Analytical Procedures
  • FOR MORE CLASSES VISIT
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  • Analytical Procedures. In a 2-3 page paper,
    complete the case below and submit to instructor.
    Review the income statement for Uden Supply
    Company and answer the following
  • a. Describe the purpose of analytical procedures
    performed in the planning stage of the audit.
  • b. Uden Supply has projected its 2004 gross
    profit at 31 of sales despite expectation for
    some shrinkage in margins. On the basis of Uden's
    operating performance in years 2001 - 2003
    project your best guess for 2004. Project 2004
    based on the incremental changes for each line
    item over the last three years.

7
ACC 410 Week 2 DQ 1 Balance Sheet Verification
  • FOR MORE CLASSES VISIT
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  • Balance Sheet Verification. The best means of
    verification of cash, inventory, office
    equipment, and nearly all other assets is a
    physical count of the units only a physical
    count gives the auditors complete assurance as to
    the accuracy of the amounts listed on the balance
    sheet. Evaluate this statement. Remember to
    complete all parts of the problems. Do not forget
    to show the necessary steps and explain how you
    attained that outcome. Respond to at least two of
    your classmates postings

8
ACC 410 Week 2 DQ 2 Accounting Principles
  • FOR MORE CLASSES VISIT
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  • Accounting Principles. Discuss what is meant by
    the phrase shopping for accounting principles.
    What mechanisms have served to prevent this
    practice by management? Remember to complete all
    parts of the problems. Do not forget to show the
    necessary steps and explain how you attained that
    outcome

9
ACC 410 Week 3 Assignment Internal Control Case
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  • Internal Control Case. Complete Case 18-37 (p.
    724-725) and submit to instructor. For each of
    the following independent cases state the highest
    level of deficiency that you believe the
    circumstances represent--a control deficiency, a
    significant deficiency, or a material weakness

10
ACC 410 Week 3 DQ 1 Audit Programs
  • FOR MORE CLASSES VISIT
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  • Audit Programs. All experienced auditors would
    design exactly the same audit program for a
    particular audit engagement. Do you agree?
    Explain. Remember to complete all parts of the
    problems. Do not forget to show the necessary
    steps and explain how you attained that outcome

11
ACC 410 Week 3 DQ 2 Internal Control Procedures
  • FOR MORE CLASSES VISIT
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  • Internal Control Procedures. Describe what is
    meant by a walk-through. Must walk-throughs be
    performed during audits of internal control over
    financial reporting? May the client perform a
    walk-through and the auditors then review the
    clients work? Remember to complete all parts of
    the problems. Do not forget to show the necessary
    steps and explain how you attained that outcome

12
ACC 410 Week 4 DQ 1 Legal Case
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  • Legal Case. Compare the rights of plaintiffs
    under common law with the rights of persons who
    purchase securities registered under the
    Securities Act of 1933 and sustain losses. In
    your answer, emphasize the issue of who must bear
    the burden of proof. Remember to complete all
    parts of the problems. Do not forget to show the
    necessary steps and explain how you attained that
    outcome.

13
ACC 410 Week 4 DQ 2 Ethics Case
  • FOR MORE CLASSES VISIT
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  • Ethics Case. Harris Fell, CPA and member of the
    AICPA, was engaged to audit the financial
    statements of Wilson Corporation. Fell had
    half-completed the audit when he had a dispute
    with the management of Wilson Corporation and was
    discharged. Hal Compton, CPA, was promptly
    engaged to replace Fell. Wilson Corporation did
    not compensate Fell for his work to date
    therefore, Fell refused to allow Wilson
    Corporations management to examine his working
    papers. Some of the working papers consisted of
    adjusting journal entries and supporting
    analysis. Wilson Corporations management had no
    other source for this information. Did Fell
    violate the AICPA Code of Professional Conduct?
    Explain fully. Remember to complete all parts of
    the problems. Do not forget to show the necessary
    steps and explain how you attained that outcome

14
ACC 410 Week 5 Assignment Audit Report
Modifications Paper
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  • Audit Report Modifications. Complete problem
    below. List a represents the types of opinions
    the auditor ordinarily would issue and List B
    represents the report modifications if any that
    would be necessary. Select as the best answer for
    each situation items 1 to 6 the type of opinion
    and modifications, if any, the auditor would
    normally select. The types of opinions in List A
    and the report modifications in List B may be
    selected once, more than once, or not at all. The
    paper should be 2-3 pages.
  • Problem

15
ACC 410 Week 5 DQ 1 Audit Reporting
  • FOR MORE CLASSES VISIT
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  • Audit Reporting. Wade Corporation has been your
    audit client for several years. At the beginning
    of the current year, the company changed its
    method of inventory valuation from average cost
    to last in, first out (LIFO). The change, which
    had been under consideration for some time, was
    in your opinion a logical and proper step for the
    company to take. What effect, if any, will this
    situation have on your audit report for the
    current year? Remember to complete all parts of
    the problems.

16
ACC 410 Week 5 DQ 2 Audit Reports
  • FOR MORE CLASSES VISIT
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  • Audit Reports. The auditors do not believe that
    certain lease obligations have been reflected in
    conformity with generally accepted accounting
    principles in the clients financial statements.
    What type of opinion should the auditors issue if
    they decide that the exceptions are immaterial?
    Material?Very material? Remember to complete all
    parts of the problems. Do not forget to show the
    necessary steps and explain how you attained that
    outcome

17
ACC 410 Week 5 Final Paper Audit Plan Keystone
Computers
  • FOR MORE CLASSES VISIT
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  • The final paper will be based on Appendix 6C
    Illustrative Audit Case Keystone Computers at
    pages 237-244 in your text. Write, in outline
    format but in complete sentences, a 6 to 10 page
    audit plan. It is recommended that you look at
    Figure 18.8 on page 708, which shows the control
    objectives related to accounts receivable.
  • In your audit plan cover the steps necessary to
    determine if you should select the client, the
    internal control procedures which need to be
    reviewed

18
ACC 410 OUTLET Real Education Real
Results/acc410outletdotcom
  • FOR MORE CLASSES VISIT
  • www.acc410outlet.com
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