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For more course tutorials visit\nwww.tutorialrank.com\nTutorial Purchased:2 Times, Rating: B \n\nPlease check All Included Assignments Below\n \nACC 546 Individual Assignment Evaluating the Case Against Lehman Brothers\n \nACC 546 Case 3.3 The Anonymous Caller\n \nACC 546 Assignment Burlington Bees

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acc 546 education on your terms tutorialrank com 1

ACC 546 Education on your terms-tutorialrank.com

ACC 546 All Assignments

For more course tutorials visit

www.tutorialrank.com

Tutorial Purchased:2 Times, Rating: B+

Please check All Included Assignments Below

ACC 546 Individual Assignment Evaluating the Case Against Lehman Brothers

ACC 546 Case 3.3 The Anonymous Caller

ACC 546 Assignment Burlington Bees

acc 546 education on your terms tutorialrank com 2

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Assignment Burlington Bees

For more course tutorials visit

www.tutorialrank.com

[1] Research auditing professional standards and list the requirements related to developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence. What are the advantages of developing an expectation at a detailed level (i.e., using disaggregated data) rather than at an overall or aggregated level?

acc 546 education on your terms tutorialrank com 3

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 2.2 Apple Inc.

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CASE 2.2 Apple Inc.

Evaluation of Client Business Risk

After completing and discussing this case you should be able to

[1] Describe the implications of an audit client’s business risk on the audit engagement

[2] Describe the types of information relevant to evaluate an audit client’s business risk

acc 546 education on your terms tutorialrank com 4

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 3.3 The Anonymous Caller

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Case 3.3 The Anonymous Caller, p. 63-65

[1] Do you think situations like this (i.e., aggressive accounting or even financial statement fraud) are common in practice?

[2] Which financial statement assertion related to sales transactions did management violate when it issued the falsified financial statements?

acc 546 education on your terms tutorialrank com 5

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 5.1 Simply Steam, Co.

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Commitment to Integrity and Ethical Values

Board of Directors Demonstrates Independence and Appropriate Oversight

Management’s Philosophy and Operating Style

Management Establishes Structure and Reporting Lines to Achieve Objectives

Financial Reporting Competencies

acc 546 education on your terms tutorialrank com 6

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 7.1 Anne Aylor, Inc

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ACC 546 Case 7.1 Anne Aylor, Inc.

[a] Why are different materiality bases considered when determining planning materiality?

[b] Why are different materiality thresholds relevant for different audit engagements?

[c] Why is the materiality base that results in the smallest threshold generally used for planning purposes?

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ACC 546 Education on your terms-tutorialrank.com

ACC 546 CASE 9.1 Wally’s Billboard & Sign Supply

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CASE 9.1 Wally’s Billboard & Sign Supply

After completing the audit program, answer the following questions:

[1] Why is the audit of cash an important part of the audit?

[2] Bill performed tests of controls for all transaction cycles with good results. Why is it important to also perform substantive audit procedures for the ending cash balance even when tests of controls over transactions that affect the cash account indicate that those controls are operating effectively?

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ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 9.3 Longeta Corporation

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Case 9.3 Longeta Corporation

overs auditing revenue contracts.

You want to be thoroughly prepared for the meeting with the audit manager. Perform the following procedures to be certain you have all necessary information about the transaction’s treatment.

[1] The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) recently completed a joint project to develop a common revenue standard for U.S. GAAP and IFRS to improve revenue recognition practices and to remove inconsistencies and weaknesses in revenue requirements. The updated guidance is contained in the Accounting Standards Codification as Topic 606, “Revenue from Contracts with Customers.” Review that guidance to

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ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 9.4 Bud's Big Blue Manufacturing

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Case 9.4 Bud's Big Blue Manufacturing covers accounts receivable confirmations

REQUIRED

[1] List the four factors auditors should consider when evaluating the results of confirmation procedures. Also, what are three of the characteristics of a reliable confirmation? (For this and other questions, you may wish to refer relevant auditing standards).

[2] What does it mean to “maintain control” over the confirmation requests and responses? What could go wrong if the auditor doesn’t maintain control over the confirmation process?

acc 546 education on your terms tutorialrank com 10

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 9.7 RedPack Beer Company

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Case 9.7 RedPack Beer Company covers estimating allowance for bad debt

[2] Following your analysis of the information in Schedules A-D, assume that you met with RedPack’s Credit Manager, Katie Henson, to ask her a number of questions related to specific customer accounts in the Accounts Receivable Aged Trial Balance. A transcript of your interview notes is provided as Schedule E. Use that information to address the following:

acc 546 education on your terms tutorialrank com 11

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 10.4 and 10.5 Southeast Shoe Distributor, Inc(Score 100%)

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Week 5 Team Assignment Case 10.4 and 10.5 Southeast Shoe Distributor, Inc.

10.4 [2] Complete steps 1a-i from the audit program E 1-1

[3] Complete step 4a from the audit program E 1-1

10.5

[1] Complete audit procedure 3a listed on audit program E 2.

acc 546 education on your terms tutorialrank com 12

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 11.1 The Runners Shop

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Week 6 Team Assignment, 1 Instructions: Review case 11.1 The Runners Shop p.379-391.

CASE 11.1 The Runners Shop Briefly answer, required questions related to this case: 1-3 with approximately 30 to 45 words.

REQUIRED

[1] Describe the purposes of audit documentation and explain why each purpose is important.

acc 546 education on your terms tutorialrank com 13

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 12.1 EyeMax Corporation

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Case 12.1 EyeMax Corporation – evaluating audit differences

Assume that you are the auditor responsible for the EyeMax audit. It is now March 30, and all plannedfieldwork has been completed. Recall that total financial statement materiality has been set at $625,000.Taking into account the information provided, please answer the following question.

acc 546 education on your terms tutorialrank com 14

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 12.2 Auto Parts. Inc

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Case 12.2 Auto Parts. Inc. – materiality and evaluating accounting policies and footnote disclosures

[1] Describe whether you agree that capitalization of the tooling supplies is the preferable method of accounting for Auto Parts, Inc.

[2] In general, how do auditors develop an estimate of financial statement materiality? For Auto Parts, Inc., what is your estimate of financial statement materiality? Are there qualitative factors that might impact your decision about the materiality of the accounting treatment and the related disclosure?

acc 546 education on your terms tutorialrank com 15

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Case 12.4 Surfer Dude Duds, Inc

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ACC 546 Case 12.4 Surfer Dude Duds, Inc

[1] What are Scott’s options?

[2] How might a going-concern explanatory paragraph become a “self-fulfilling prophecy” for Surfer Dude?

[3] Discuss the importance of full and accurate auditor reporting to the public, and describe possible consequences for both parties if the going-concern explanatory paragraph and footnote are excluded. How might Scott convince George that a going-concern report is in the best interests of all parties involved?

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ACC 546 Education on your terms-tutorialrank.com

ACC 546 Entire Course (UOP Course)

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Tutorial Purchased: 5 Times, Rating: A+

ACC 546 Week 1 Individual Assignment Auditing Introduction Letter (UOP Course)

ACC 546 Week 2 Individual Assignment Beginning the Audit Report (UOP Course)

ACC 546 Week 3 Individual Assignment The Audit Report and Internal Control Evaluation (UOP Course)

ACC 546 Week 4 Learning Team Assignment Audit Program Design Part I (UOP Course)

ACC 546 Week 5 Learning Team Assignment Audit Program Design Part II (UOP Course)

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ACC 546 Education on your terms-tutorialrank.com

ACC 546 Individual Assignment 1.1 Ocean Manufacturing, Inc

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2. What nonfinancial matters should be considered before accepting Ocean as a client? How important are these issues to the client acceptance decision? Why?

5. (A). Prepare a memo to the partner making a recommendation as to whether Barnes and Fischer should or should not accept Ocean Manufacturing, Inc. as an audit client. Carefully justify your position in light of the information in the case. Include consideration of reasons both for and against acceptance and be sure to address both financial and nonfinancial issues to justify your recommendation.

acc 546 education on your terms tutorialrank com 18

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Individual Assignment Case 5.3 Red Bluff Inn & Cafe

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[1] What are your two biggest concerns relating to possible fraud for the café part of the business? For each concern, generate two or three controls that could effectively reduce risk related to your concerns. Use common sense and be creative!

[2] What are your two biggest concerns relating to possible fraud for the motel part of the business? For each concern, generate two or three controls that could effectively reduce risk related to your concerns. Use common sense and be creative!

acc 546 education on your terms tutorialrank com 19

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Individual Assignment Case 5.6 SarboxScooter, Inc.

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Part A

1. According to AS5:

a) What should the auditor consider when determining whether an account should be considered significant?

b) What qualitative factors might cause an account that is otherwise relatively small quantitatively to be considered significant?

c) What qualitative factors might cause an account that is greater than materiality to be considered not significant?

acc 546 education on your terms tutorialrank com 20

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Individual Assignment Evaluating the Case Against Lehman Brothers

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ACC 546 Individual Assignment Evaluating the Case Against Lehman Brothers

The Case Against Lehman Brothers”. Write a 750- to 1,050-word evaluation. Analyze and then summarize the responsibilities and failings of the firm, the firm’s accountants, and government regulators.

Provide an update in the case against the firm, its top executives, and accountants.

acc 546 education on your terms tutorialrank com 21

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Laramie Wire Manufacturing Assignment

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ACC 546 Laramie Wire Manufacturing Assignment

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ACC 546 Education on your terms-tutorialrank.com

  • ACC 546 Week 1 Individual Assignment Auditing Introduction Letter (UOP Course)
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  • Write a letter to Apollo Shoes addressing the key points listed below; assume the role of an auditor at a local firm when composing the letter.
  • Explain the auditing and other assurance services your firm offers and the benefit each has for the client.
  • Explain your role in providing the available assurance service to clients.
acc 546 education on your terms tutorialrank com 23

ACC 546 Education on your terms-tutorialrank.com

  • ACC 546 Week 2 Individual Assignment Beginning the Audit Report (UOP Course)
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  • Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.
  • Include with your letter the following documents for the management at Apollo Shoes.
  • Engagement checklist
  • Engagement letter
  • · Outline of timeframes and milestones for the audit
acc 546 education on your terms tutorialrank com 24

ACC 546 Education on your terms-tutorialrank.com

ACC 546 Week 3 Individual Assignment The Audit Report and Internal Control Evaluation (UOP Course)

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Tutorial Purchased: 4 Times, Rating: A+

Resource: pp. 62 & 63 in Ch. 3 of Auditing and Assurance Services: An Integrated Approach

Evaluate the evidence provided by Apollo Shoes.

Decide how to structure the audit report for the provided evidence.

Compose an audit report reflecting the appropriate length, sections, and content for the provided information.

Include a description of the evidence, the accounting sampling and testing procedures used, and a brief description of the value of the audit report. You may use pp. 62 & 63 in Ch. 3 of Auditing and Assurance Services to complete this assignment.

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ACC 546 Education on your terms-tutorialrank.com

  • ACC 546 Week 4 Learning Team Assignment Audit Program Design Part I (UOP Course)
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  • Write an engagement letter for Apollo Shoes. Assume that Apollo Shoes is a publicly traded company and that they have asked for SOX Section 404 consulting. Include the following key points:
  • Significant regulations and guidelines related to audits of internal control
  • Internal control risks identified within Apollo Shoes
  • A description of the relationship between internal controls and the audit process
  • · A brief synopsis of your responsibility in detecting and reporting fraud
acc 546 education on your terms tutorialrank com 26

ACC 546 Education on your terms-tutorialrank.com

  • ACC 546 Week 5 Learning Team Assignment Audit Program Design Part II (UOP Course)
  • For more course tutorials visit
  • www.tutorialrank.com
  • Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles:
  • Sales and collection cycle
  • Payroll and personnel cycle
  • · Acquisition and payment cycle
acc 546 education on your terms tutorialrank com 27

ACC 546 Education on your terms-tutorialrank.com

  • ACC 546 Week 6 Individual Assignment Audit Program Design Part III (UOP Course)
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  • Design tests of controls, substantive tests of transactions, and analytical procedures for the following Apollo Shoes cycles:
  • Inventory and warehousing cycleCash cycle