ACC 491 Slingshot Academy / newtonhelp.com

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ACC 491 Slingshot Academy / newtonhelp.com
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 All Assignments
 https//youtu.be/OGEtbJCP41k  ACC 491 Week 1
Textbook Problem 1-20, 1-21, 2-18, 2-20,
2-21   ACC 491 Week 2 Ethics, Legal Liability,
Audit Responsibilities Quiz (Score 100)    ACC
491 Week 3 Scenario Assignment (Barnes
Noble)   ACC 491 Week 3 Fraud Article
Summary   ACC 491 Week 3 Team Scenario Assignment
(Amazon)  
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 1 DQ 1
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 Slingshot Academy / newtonhelp.com
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? Why were independence
issues a primary concern of Congress when they
developed the Sarbanes-Oxley Act?
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 1 Self Guided Quiz
1. In your own words, define Auditing. 2.
Discuss the importance of Evidence in
auditing. 3. Define Independence and
Objectivity as they relate to auditing.   4.
Audits typically consist of three phases
Planning Fieldwork Reporting. Describe
activities that accompany each phase.   5.
Distinguish between Assurance and Attestation
Services. 6. Describe the following types of
Audits a. Operational Audits
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18,
2-20, 2-21
Write a brief response, 30 to 90 words for each
question. Text Problem 1-20 Distinguish between
auditing and accounting. Text Problem 1-21
Differentiate between the three main types of
audits and auditors. Text Problem 2-18  Text
Problem 2-21  Text Problem 2-20
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ACC 491 Slingshot Academy / newtonhelp.com
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?
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 2 DQ 2
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 Slingshot Academy / newtonhelp.com
ACC 491 Week 2 Ethics, Legal Liability, Audit
Responsibilities Quiz (Score 100)
Question  1       One of the main reasons people
act unethically is that they choose to act
selfishly.         True         False       
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 3 DQ 1
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 Slingshot Academy / newtonhelp.com
ACC 491 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? 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 Slingshot Academy / newtonhelp.com
ACC 491 Week 3 Fraud Article Summary
Research an article in the University Library or
from another credible source. The article should
be about a recent accounting fraud incident
within a company. Summarize the article in 350 to
525 words. Describe any measures you believe
could have been used to avoid the problems
presented in the article. Click the Assignment
Files tab to submit your assignment in a
Microsoft Word document.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 3 Scenario Assignment (Barnes
Noble)
Week 3 Team Assignment Document      You are a
senior manager for the highly successful regional
CPA firm of Fine, Dee, Evah, Dense, LLP (Fine).
Since its inception nearly 30 years ago, Fines
audit practice has exclusively consisted of
auditing private and not-for-profit
organizations. Recently, the partners have been
considering an opportunity to audit a
publically-traded company for the company your
team has selected.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 3 Team Scenario Assignment (Amazon)
Week 3 Team Assignment Document You are a senior
manager for the highly successful regional CPA
firm of Fine, Dee, Evah, Dense, LLP (Fine). Since
its inception nearly 30 years ago, Fines audit
practice has exclusively consisted of auditing
private and not-for-profit organizations.
Recently, the partners have been considering an
opportunity to audit a publically-traded company
for the company your team has selected.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 3 Team Scenario Assignment (Lockheed
Martin)
Week 3 Team Assignment Document You are a senior
manager for the highly successful regional CPA
firm of Fine, Dee, Evah, Dense, LLP (Fine). Since
its inception nearly 30 years ago, Fines audit
practice has exclusively consisted of auditing
private and not-for-profit organizations.
Recently, the partners have been considering an
opportunity to audit a publically-traded company
for the company your team has selected. The
primary reason Fine has not heretofore ventured
into auditing publically-traded companies is
because of the potential risk and legal liability
associated with auditing public companies.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 4 Assignment Internal Control, COSO
and SOX
Write a paper on COSO and how it relates to
Sarbanes-Oxley and the auditing of public
companies in 700 to 1,050 words. Address the
following          Provide a brief history of
COSO.          Describe the five components and
17 principles of the COSO Framework.         
Review your company's "Management's Annual Report
on Internal Control over Financial Reporting" and
"Report of Independent Registered Public
Accounting Firm" (usually found in Section 9A of
the Form 10-K) and explain why these reports are
necessary.   
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 4 DQ 1
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 Slingshot Academy / newtonhelp.com
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?  
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 4 Team Scenario Assignment Cheat
Sheet on Evidence and Documentation
In further preparation for your audit of the
company your team selected, you decided to gather
your team and discuss Audit Evidence and
Documentation Standards for this audit. Your
preparation included a review of evidence and
documentation literature (Chapter 7).  To
properly prepare the staff that will be working
with you, you decide to create a Cheat Sheet on
Evidence and Documentation to be used in your
presentation.  Prepare a "Cheat Sheet" that
briefly describes Audit Evidence and
Documentation Standards, which includes the
following topics. Each topic should be 90 to 175
words          Comparison of Audit, Scientific
and Legal Evidence Standards.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 5 Fraud Auditing (2 Papers)
Write a 750- to 1,050-word paper on fraud
auditing and IT auditing.          Describe the
different kinds of fraud andthe Fraud Triangle,
an auditor's responsibility to identify and
assess fraud.          Describe the specific risk
s, benefits, and internal controls associated with
 IT functions.           Please do not plagiarize
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Amazon)
Create a 20- to 30-minute presentation, with 15
to 20 slides based the team scenario assignments
from Weeks 3 and 4 (Initial Risk Assessment,
Analytical Procedures, Materiality and Risk,
Audit Tests, Work Programs, Evidence and
Documentation, Report on Internal Controls, COSO
and SOX).  State the company selected for the
team assignments. Explains the reason the company
was selected. Describe insights gained by
performing some planning for this company.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Apple)
Create a 20- to 30-minute presentation, with 15
to 20 slides based the team scenario assignments
from Weeks 3 and 4 (Initial Risk Assessment,
Analytical Procedures, Materiality and Risk,
Audit Tests, Work Programs, Evidence and
Documentation, Report on Internal Controls, COSO
and SOX).  State the company selected for the
team assignments. Explains the reason the company
was selected. Describe insights gained by
performing some planning for this company.
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ACC 491 Slingshot Academy / newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Barnes Noble)
Create a 20- to 30-minute presentation, with 15
to 20 slides based the team scenario assignments
from Weeks 3 and 4 (Initial Risk Assessment,
Analytical Procedures, Materiality and Risk,
Audit Tests, Work Programs, Evidence and
Documentation, Report on Internal Controls, COSO
and SOX).  State the company selected for the
team assignments. Explains the reason the company
was selected. Describe insights gained by
performing some planning for this company.
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ACC 491 Slingshot Academy / newtonhelp.com
Education is everything - education is
your power, education is your way in life for
whatever you want to do
For More Courses
Visit Now
Uophelp is now newtonhelp.com
www.newtonhelp.com