ACC 491 Education Organization / snaptutorial.com

1. ACC 491Education Organization / snaptutorial.com

2. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.com • 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)

3. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com The American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA) have positioned the auditing professions to become “assurance

4. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

5. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.com • 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.

6. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.com • 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 

7. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect

8. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com What are the components of the audit risk model? How does the audit risk model impact an audit plan

9. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com What are the components of the audit risk model? How does the audit risk model impact an audit plan

10. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.com •  Question  1 •     One of the main reasons people act unethically is that they choose to act selfishly. •         True

11. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com How are analytical procedures used in an audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information

12. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.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?

13. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.com • 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.

14. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

15. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com Week 3 Team Assignment Document You are a senior manager for the highly successful regional

16. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.com Week 3 Team Assignment Document You are a senior manager for the highly successful regional

17. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

18. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.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:

19. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

20. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

21. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

22. ACC 491Education Organization / snaptutorial.com • For more classes visits • www.snaptutorial.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. 

23. ACC 491Education Organization / snaptutorial.com For more classes visits www.snaptutorial.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

24. ACC 491Education Organization / snaptutorial.com