AC 410 Enthusiastic Study/snaptutorial.com

1. AC 410  Enthusiastic Study / snaptutorial.com

2. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 1 Homework Assignment For more classes visit www.snaptutorial.com 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. 1–26 The Sarbanes-Oxley Act of 2002 created the Public Company Accounting Oversight Board. Explain the major responsibilities of this board.

3. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 2 Homework Assignment For more classes visit www.snaptutorial.com 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. Required: If management and the board of directors take appropriate remedial action, should Barber be required to report the matter outside the company?

4. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 3 Homework Assignment For more classes visit www.snaptutorial.com 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. 5-49 Audit risk should be considered when planning and performing an audit of financial statements in accordance with generally accepted auditing standards.

5. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 4 Homework Assignment For more classes visit www.snaptutorial.com 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: Identify the weaknesses in Randall's system of corporate governance and provide suggestions for improvement in the system. Organize your answer as follows:

6. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 5 Homework Assignment For more classes visit www.snaptutorial.com 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, answer the following questions below: Do background research in relationship to the issue to get a more in-depth understanding of the situation.

7. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 6 Homework Assignment For more classes visit www.snaptutorial.com 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 under the direction of the chief purchasing agent. The duties of the receiving department are to unpack, count, and inspect the goods. The quantity received is compared with the quantity shown on the receiving department’s copy of the purchase order. If there is no discrepancy, the purchase order is stamped “OK—Receiving Dept.”

8. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 7 Homework Assignment For more classes visit www.snaptutorial.com 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.

9. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 8 Alternate Assignment For more classes visit www.snaptutorial.com 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

10. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 8 Homework Assignment For more classes visit www.snaptutorial.com 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. - Identify those auditing procedures that the auditor should apply at or near the completion of fieldwork to disclose significant subsequent events.

11. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 9 Alternate Assignment For more classes visit www.snaptutorial.com AC 410 Unit 9 Alternate Assignment

12. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 9 Chapter 18 Assignment For more classes visit www.snaptutorial.com AC 410 AC/410 AC 410 Unit 9 Chapter 18 Assignment

13. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 9 Homework Assignment For more classes visit www.snaptutorial.com 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 of how the auditors approach each of them.

14. AC 410  Enthusiastic Study / snaptutorial.com AC 410 Unit 10 Assignment For more classes visit www.snaptutorial.com Reflect and describe which key concepts and topics in this course have made you a stronger candidate to enter the business world.

15. AC 410  Enthusiastic Study / snaptutorial.com