ACC 562EDU The power of possibility/acc562edudotcom

1
ACC 562EDU The power of possibility/acc562edudotc
om
2
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Final Exam Guide FOR MORE CLASSES VISIT
www.acc562edu.com   1.Developing an
understanding of the client's business and
industry is essential to proficiency as discussed
in the general standards of GAAS. (Points 4)
True False 2. Ratio analysis only
involves a year-to-year comparison of account
balances. (Points 4) True False 3.
Control is considered to be part of corporate
governance. (Points True
3
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Midterm Exam Guide FOR MORE CLASSES
VISIT www.acc562edu.com   Question 1
CPAs are licensed by the
Question 2 The Certified
Internal Auditor program is administered by the
Question 3
The objective of an operational audit is to
Question 4 As it relates to an
audit, materiality is
Question 5 Independent
professional services that are provided on
financial or other information that improve the
quality of decision making are known
4
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 1 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   Analyze the need for
unbiased financial reporting. Based on your
analysis, determine at least two (2) drivers that
may cause financial reporting to be biased.
Provide a rationale to support your
response. Analyze the audit opinion formulation
process and suggest at least one (1) improvement
to the process to strengthen audit opinions.
Provide a rationale to support your suggestion.
5
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 2 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   Analyze the changes made to
corporate governance rules since the
implementation of the SarbanesOxley Act of 2002.
Based on your analysis, formulate an opinion on
whether or not these changes are sufficient in
preventing financial fraud. Provide a rationale
for your response. Debate it! Audit committees
are an effective tool for detecting and
preventing fraud. Provide a rationale for your
response.
6
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 3 Assignment 1 Madoff Securities (2
Papers) FOR MORE CLASSES VISIT
www.acc562edu.com   This Tutorial contains 2
Different Papers Determine the regulatory
oversight that was in place while the Ponzi
scheme was operating, and speculate on the main
reasons why they did not discover the
scheme. Assume you are an auditor for a firm that
had 10 million dollars invested in Madoff
Securities. Determine the fundamental audit
procedures that you should have applied to this
investment.
7
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 3 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the case study, use the
ethical framework to propose a course of action
that you would take concerning the audit. Provide
a rationale for your response. Imagine that you
work for an audit firm and the firm selected you
to assess its auditor independence and the
potential threats to the firm. Determine at least
two (2) potential threats to auditor independence
and recommend one (1) strategy for the firm to
eliminate or mitigate those threats you
determined.
8
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 4 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the first e-Activity,
determine at least two (2) AICPA Professional
Conduct principles that are most likely to be
violated. Provide a rationale to support your
response. From the second e-Activity, recommend
at least two (2) additional responsibilities that
the audit committee should take in order to
improve its effectiveness in detecting or
preventing financial fraud. Provide a rationale
to support your recommendation.
9
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 5 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   Imagine you work for an
auditing firm. Your most recent task is to
determine whether or not your firm should bid to
perform the auditing services of a public
company. Determine the fundamental kind of
information that you need in order to make an
informed decision as to whether or not to bid on
the audit. Provide a rationale to support your
response. From the case study, analyze the key
risk areas associated with an audit of Lincoln
Federal Savings and Loan. Next, recommend at
least two (2) risk areas that should be included
in the audit plan. Provide a rationale to support
your recommendation
10
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 6 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the e-Activity, support
or critique the idea that the Committee of
Sponsoring Organization of the Treadway
Commission (COSO) transition would strengthen
internal controls over financial reporting in
publicly traded companies. Provide a rationale to
support your response. From the case study,
determine the fundamental control deficiencies
associated with the credit function. Next,
propose at least one (1) control improvement that
the credit department management could make in
the process. Provide a rationale to support your
response.
11
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 7 Assignment 2 Cardillo Travel
Systems, Inc. (2 Papers) FOR MORE CLASSES VISIT
www.acc562edu.com   This Tutorial contains 2
Different Papers Review the Cardillo Travel
Systems case, located in Chapter 6 of your
textbook. Write a four to five (4-5) page paper
in which you Explain the Securities and
Exchange Commissions rationale to charge
Cardillo executives with each of the following
violations a. making false representations to
outside auditors
12
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 7 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the e-Activity,
determine the main reasons why several members of
top management in Phar-Mor perpetrated the
financial statement fraud. Next, recommend one
(1) strategy that the auditors might have taken
to detect or prevent the fraud. Provide a
rationale to support your recommendation. From
the case study, analyze the financial data as
presented. Next, choose at least one (1) pattern
within the data that appears to be inconsistent,
and propose one (1) strategy that one could use
to audit this pattern. Provide a rationale to
support your response
13
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 8 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the e-Activity, analyze
the auditors responsibility to determine if a
company can continue as a going concern. From
your analysis, propose at least two (2) key
factors that the auditor should consider when
determining an entitys ability to continue as a
going concern. Provide a rationale to support
your proposal. From the case study, analyze the
inquiry letter sent by C.R. Brown. Next,
determine at least one (1) omission that you
believe occurred within the letter, and suggest
one (1) way to improve the letter so that
Consolidate ds outside attorney may corroborate
the information in the case. Provide a rationale
to support your response
14
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 9 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the case study,
determine the main potential ethical dilemmas.
Next, use the seven (7) steps in the ethical
decision-making framework to recommend one (1)
course of action you would take in order to avoid
the ethical dilemmas. Provide a rationale to
support your recommendation. 1. Identify the
ethical issue 2. Determine who are the
affected parties and identify their rights 3.
Determine the most important rights 4.
Develop alternative courses of action
15
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 10 Assignment 3 Freescale
Semiconductors, Inc (2 PPT) FOR MORE CLASSES
VISIT www.acc562edu.com   This Tutorial contains
2 Different PPT Review the Freescale
Semiconductor case, located in Chapter 9 of your
textbook. Prepare a twelve to twenty (12-20)
slide PowerPoint presentation with speaker notes
in which you 1. Give your opinion as to whether
or not additional laws and harsher penalties on
financial fraud can eliminate or mitigate
financial fraud. Support the rationale.
16
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 10 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   From the case study,
evaluate the quality of REDTOPs internal audit
function. Based on your evaluation, recommend at
least two (2) changes that you would make in
order to improve the quality of REDTOPs internal
audit function. Provide a rationale to support
your response. From the case study, give your
opinion as to whether or not your external audit
engagement team could use REDTOPs internal audit
function in another fashion, as opposed to merely
relying on existing internal audits in order to
perform the overall audit of REDTOP Sports
Company. Recommend one (1)
17
CJA 234 MART The power of possibility/cja234martd
otcom
ACC 562EDU The power of possibility/acc562edudotc
om
ACC 562 Week 11 DQs FOR MORE CLASSES VISIT
www.acc562edu.com   Discuss one (1) way in which
you anticipate using what you have learned from
this course in your current or future career.
Provide one (1) specific example to support your
response. Speculate on one (1) specific auditing
area presented in this course that you believe
may be eliminated, added, or changed in the next
ten (10) years. Provide a rationale to support
your response
18
ACC 562EDU The power of possibility/acc562edudotc
om