ACC 491 Experience Tradition/uophelp.com

1. ACC 491 Experience Tradition/uophelp.com For more course tutorials visit www.uophelp.com

2. ACC 491 Week 1 DQ 1 For more course tutorials visit www.uophelp.com 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?

3. ACC 491 Week 1 DQ 2 For more course tutorials visit www.uophelp.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?  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?

4. ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18, 2-20 For more course tutorials visit www.uophelp.com Text Problem 1-20 Distinguish between auditing and accounting. Text Problem 1-21 Differentiate between the three main types of audits and auditors.

5. ACC 491 Week 2 DQ 1 For more course tutorials visit www.uophelp.com 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?

6. ACC 491 Week 2 DQ 2 For more course tutorials visit www.uophelp.com What are the components of the audit risk model? How does the audit risk model impact an audit plan?

7. ACC 491 Week 3 DQ 1 For more course tutorials visit www.uophelp.com 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.

8. ACC 491 Week 3 DQ 2 For more course tutorials visit www.uophelp.com 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?

9. ACC 491 Week 3 Team Scenario Assignment (Amazon) For more course tutorials visit www.uophelp.com 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, Fine’s 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.

10. ACC 491 Week 3 Team Scenario Assignment (Lockheed Martin) For more course tutorials visit www.uophelp.com 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, Fine’s 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.

11. ACC 491 Week 4 Assignment Internal Control, COSO and SOX For more course tutorials visit www.uophelp.com 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.   

12. ACC 491 Week 4 DQ 1 For more course tutorials visit www.uophelp.com 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?

13. ACC 491 Week 4 DQ 2 For more course tutorials visit www.uophelp.com 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?

14. ACC 491 Week 4 Team Scenario Assignment Cheat Sheet on Evidence and Documentation For more course tutorials visit www.uophelp.com 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:

15. ACC 491 Week 5 Fraud Auditing (2 Papers) For more course tutorials visit www.uophelp.com 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 risks, benefits, and internal controls associated with IT functions.  ·         Please do not plagiarize

16. ACC 491 Week 5 Team Assignment Scenario Assignment Summary (Amazon) For more course tutorials visit www.uophelp.com 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.

17. ACC 491 Week 5 Team Assignment Scenario Assignment Summary (Apple) For more course tutorials visit www.uophelp.com 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.

18. ACC 491 Experience Tradition/uophelp.com For more course tutorials visit www.uophelp.com