ACC 562 EDU Career Path Begins/acc562edu.com

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ACC 562 EDU Career Path Begins/acc562edu.com
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ACC 562 EDU Career Path Begins/acc562edu.com
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 4) True False
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ACC 562 EDU Career Path Begins/acc562edu.com
ACC 562 Midterm Exam Guide FOR MORE CLASSES VISIT
www.acc562edu.com Question 1CPAs are licensed by
the Question 2The 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 5Independent professional services that
are provided on financial or other information
that improve the quality of decision making are
known as
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ACC 562 EDU Career Path Begins/acc562edu.com
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.
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ACC 562 EDU Career Path Begins/acc562edu.com
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.
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ACC 562 EDU Career Path Begins/acc562edu.com
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. Predict the way in which a peer
review of Friehling and Horowitz would have
uncovered the scheme related to Madoff Securities.
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ACC 562 EDU Career Path Begins/acc562edu.com
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.
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ACC 562 EDU Career Path Begins/acc562edu.com
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.
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ACC 562 EDU Career Path Begins/acc562edu.com
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
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ACC 562 EDU Career Path Begins/acc562edu.com
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.
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ACC 562 EDU Career Path Begins/acc562edu.com
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
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ACC 562 EDU Career Path Begins/acc562edu.com
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
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ACC 562 EDU Career Path Begins/acc562edu.com
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
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ACC 562 EDU Career Path Begins/acc562edu.com
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 5.
Determine the likely consequences of each
proposed course of action
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ACC 562 EDU Career Path Begins/acc562edu.com
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. 2.
Suggest three (3) new strategies that you believe
the government can implement to eliminate or
mitigate insider trading. Provide a rationale to
support the suggestion.
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ACC 562 EDU Career Path Begins/acc562edu.com
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) alternative to using
the work that the internal audit has already
yielded as part of your external audit. Provide a
rationale to support your response.
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ACC 562 EDU Career Path Begins/acc562edu.com
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
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