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ACC 492 Week 1 DQ 2
ACC 492 Week 1 DQ 1
What account balances are included in a revenue
and collection cycle? What specific control
procedures should be in place and operating in
internal control governing revenue recognition
and cash accounting? What assertions are made
about classes of transactions and events in the
revenue and collection cycle?
Why is it important to place emphasis on the
existence and rights (ownership) assertions when
auditing accounts receivable? Which audit
procedures are usually the most useful for
auditing the existence and rights assertions?
What analytical procedures might be informative
regarding the existence assertion?
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ACC 492 Week 2 DQ 1
ACC 492 Week 1 Individual Assignment Assignments
From the Text
How might a purchasing manager use his or her
position to defraud the company? What can be done
to prevent it? Where could an auditor look to
find evidence of losses on purchase commitments
and unrecorded liabilities to vendors?
Resource Ch. 14 of Modern Auditing Dowload the
Adobe Reader version of Ch. 14 to complete this
assignment.           Click on the link for Ch.
14 of Modern Auditing on the course
website.          Click Download eBook on the
left-hand side of the page.          Download
Ch. 14 of Modern Auditing
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 2 Individual Assignment Assignments
From the Text
ACC 492 Week 2 DQ 2
Why does the auditor examine travel and
entertainment expenses? What would poor controls
regarding executive reimbursements say about the
tone at the top for purposes of evaluating and
reporting on internal control? How might the
auditor effectively use analytical procedures in
the audit of various expense accounts, such as
miscellaneous expenses? Provide an example of how
analytical procedures might be used in the audit
of such accounts
Resource Modern Auditing Prepare written answers
to the following assignments            Ch.
16-33 Comprehensive Question Control Activities
in Payroll Processing Ch. 16-35 Comprehensive
Question Potential Misstatements/Tests of
Controls Payroll
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ACC 492 Week 2 Learning Team Assignment Apollo
Shoe Case Assignment
ACC 492 Week 3 DQ 1
What internal control components are common among
long-term assets, liabilities, and equity
accounts? What components are unique to each? How
can an auditor assess these controls
Resource Apollo Shoe Case link in Week Two on
the Materials page Complete the following audit
sections Revenue and Expenses Before completing
this section, review the material in the Planning
section with emphasis on the Trial balances
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 3 DQ 2
ACC 492 Week 3 Individual Assignment Assignments
From the Text
Resource Modern Auditing Prepare written answers
to the following assignments           Ch.
16-26 Comprehensive Question Evaluation of
Internal Controls Raw Materials and Supplies
Inventory Ch. 16-29 Comprehensive Question
Computer-Assisted Substantive Tests for Inventory
What are the key management assertions related to
equity? What are the most important assertions
related equity? How will auditors test these
assertions?
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 3 Learning Team Assignment Apollo
Shoe Case Assignment
ACC 492 Week 4 DQ 1
What are the steps that are required for an
auditor to finalize the audit? Which steps are
the most crucial to the outcome of the audit? How
will these steps affect the final audit decision
Learning Check 18-2   Learning Check
18-15   Comprehensive Question 18-25 (controls
and substantive tests for investment transactions)
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 4 DQ 2
ACC 492 Week 4 Individual Assignment Assignments
From the Text
What types of opinions does an auditor issue
other than unqualified? How does an opinion other
than unqualified affect the client? In your
opinion, which is the worst? What are the
circumstances that warrant each type of opinion?
Resource Modern Auditing Prepare answers to the
following assignments           Ch. 17-22
Comprehensive Question Internal Controls for
Plant Assets Ch. 17-26 Comprehensive Question
Substantive Tests and Disclosures for Long-Term
Debt
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 4 Individual Assignment Case Study
ACC 492 Week 4 Learning Team Assignment Apollo
Shoe Case Assignment
Case 8.1 Laramie Wire Manufacturing Using
Analytical Procedures in Audit Planning  
Resource Apollo Shoes Case Materials located on
the Week Four student website Complete the
following audit sections Prepaids and Other
Assets   o   Before completing this section,
review the Planning section and the Cash section
with emphasis on the Apollo Shoes Bank Rec.  
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 4 Learning Team Assignment
Assignments From the Text
ACC 492 Week 5 Individual Assignment Assignments
From the Text
Resource Modern Auditing Prepare written answers
to the following assignments           Ch.
17-27 Comprehensive Question Substantive Tests
for Stockholders Equity Balances Ch. 18-31
Comprehensive Question Substantive Tests for Cash
Balances
Prepare written answers to the following
assignments  Ch. 19-23 Comprehensive Question
Subsequent Events
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 5 Individual Assignment Case Study
ACC 492 Week 5 Individual Assignment Issuing
Audit Reports Simulation
Resources Case 12.4 Surfer Dude Duds, Inc.
Considering the Going-Concern Assumption Prepare
written answers that follow the case
Resources Issuing Audit Reports simulation
located on the Week Five Materials page Complete
the simulation. Prepare a 500-word response to
the following questions          What are the
different types of audit reports and when should
each be used?
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 ACC 492 Potential Instructors / snaptutorial
ACC 492 Week 5 Learning Team Assignment Case
Study Assignment and Presentation
Resource Case 4.1 Enron Corporation and
Andersen, LLP Analyzing the Fall of Two Giants
in Auditing Cases Complete the questions at the
end of the case. Prepare a 500-650 word response
to the following questions           What are
the principles of the AICPA Code of Professional
Conduct?          What part(s) of the AICPA Code
of Conduct was violated by Andersen? By any Enron
employee who was a CPA?
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