Ac 410 slingshot academy snaptutorial com
This presentation is the property of its rightful owner.
Sponsored Links
1 / 9

AC 410 Apprentice tutors / snaptutorial.com PowerPoint PPT Presentation


For more classes visitwww.snaptutorial.com1–20Public accounting firms are sometimes grouped into categories of local firms, regional firms, national firms, and international firms. Explain briefly the characteristics of each. Include in your answer the types of services stressed in each group.1–26The Sarbanes-Oxley Act of 2002 created the Public Company Accounting Oversight Board. Explain the major responsibilities of this board.2–7Evaluate the following quotation: “If a CPA firm completes a nonpublic company audit of Adam Company’s financial statements following AICPA generally accepted auditing standards and is satisfied with the results of the audit, an unmodified audit report may be issued. On the other hand, if no audit is performed of the current year’s financial statements, but the CPA firm has performed satisfactory audits in prior years, has confidence in the management of the company, and makes a quick review of the current year’s financial statements, a qualified report may be issued.”Do you agree? Give reasons to support your answer.2–28Reed, CPA, accepted an engagement to audit the financial statements of Smith Company. Reed’s discussions with Smith’s new management and the predecessor auditor indicated the possibility that Smith’s financial statements may be misstated due to the possible occurrence of errors, fraud, and illegal acts.a. Identify and describe Reed’s responsibilities to detect Smith’s errors and fraud. Do not identify specific audit procedures.b. Describe Reed’s responsibilities to detect Smith’s material noncompliance with laws. Do not identify specific audit procedures.c. Identify and describe Reed’s responsibilities to report Smith’s noncompliance with laws.

Download Presentation

AC 410 Apprentice tutors / snaptutorial.com

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Ac 410 slingshot academy snaptutorial com

AC 410 Slingshot Academy / snaptutorial.com

For More Tutorials

www.snaptutorial.com


Ac 410 slingshot academy snaptutorial com1

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 1 Homework Assignment

AC 410 Unit 2 Homework Assignment

1–20

Public accounting firms are sometimes grouped into categories of local firms, regional firms, national firms, and international firms. Explain briefly the characteristics of each. Include in your answer the types of services stressed in each group.

3-31

Ron Barber, CPA, is auditing the financial statements of DGF, Inc., a publicly held company. During the course of the audit, Barber discovered that DGF has been making illegal bribes to foreign government officials to obtain business, and he reported the matter to senior management and the board of directors of DGF.


Ac 410 slingshot academy snaptutorial com2

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 3 Homework Assignment

AC 410 Unit 4 Homework Assignment

5–36

Comment on the reliability of each of the following examples of audit evidence. Arrange your answer in the form of a separate paragraph for each item. Explain fully the reasoning employed in judging the reliability of each item.

Questions Requiring Analysis: 7-28

Problem 7-28.

Discuss the advantages to CPAs of documenting internal control by using:

Questions Requiring Analysis: 7-33

Problem 7-33.

Required:


Ac 410 slingshot academy snaptutorial com3

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 5 Homework Assignment

AC 410 Unit 6 Homework Assignment

Refer to Chapter 11 of the textbook, Objective Question 11-38.

Assume that fraud has been discovered in the “Possible Errors and Fraud” list, shown as A through O in the problem. Select two of the fraud items from the list and note them here:

Following the scientific method

Questions Requiring Analysis 12-21

Nolan Manufacturing Company retains you on April 1 to perform an audit for the fiscal year ending June 30. During the month of May, you make extensive studies of internal control over inventories.

All goods purchased pass through a receiving department


Ac 410 slingshot academy snaptutorial com4

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 7 Homework Assignment

AC 410 Unit 8 Alternate Assignment

Questions Requiring Analysis 14-30

Early in your first audit of Star Corporation, you notice that sales and year-end inventory are almost unchanged from the prior year. However, cost of goods sold is less than in the preceding year, and accounts payable also are down substantially. Gross profit has increased

The types of subsequent events and their importance to the audit

The procedures auditors cannot perform before the end of the audit

The different types of audit reports and the conditions under which each is issued


Ac 410 slingshot academy snaptutorial com5

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 8 Homework Assignment

AC 410 Unit 9 Alternate Assignment

Questions Requiring Analysis: 16–31

The auditor's opinion on the fairness of financial statements may be affected by subsequent events.

Required:

- Define what is commonly referred to in auditing as a subsequent event, and describe the two general types of subsequent events.

AC 410 Unit 9 Alternate Assignment


Ac 410 slingshot academy snaptutorial com6

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 9 Chapter 18 Assignment

AC 410 Unit 9 Homework Assignment

AC 410 AC/410 AC 410 Unit 9 Chapter 18 Assignment

18–29. The CPA firm of Carson & Boggs LLP is performing an internal control audit in accordance with PCAOB Standard No. 5.The partner in charge of the engagement has asked you to explain the process of determining which controls to test. Describe the process, presenting each of the links in this process and a short summary


Ac 410 slingshot academy snaptutorial com7

AC 410 Slingshot Academy / snaptutorial.com

AC 410 Unit 10 Assignment

Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.


Ac 410 slingshot academy snaptutorial com8

AC 410 Slingshot Academy / snaptutorial.com

For More Tutorials

www.snaptutorial.com


  • Login