ACC 410 TUTOR GREAT WISDOM/acc410tutor.com

1
ACC 410 TUTOR GREAT WISDOM/acc410tutor.com
2
ACC 410 TUTOR GREAT WISDOM
ACC 410 Entire Course FOR MORE CLASSES
VISIT www.acc410tutor.com   ACC 410 Week 1 DQ 1
Internal vs. External Audit Staffs ACC 410 Week 1
DQ 2 Audit Reports ACC 410 Week 1 Assignment
Generally Accepted Auditing Standards ACC 410
Week 2 DQ 1 Balance Sheet Verification
3
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 1 Assignment Generally Accepted
Auditing Standards FOR MORE CLASSES
VISIT www.acc410tutor.com   Generally Accepted
Auditing Standards Complete problem below and
submit to your instructor. Write under the
generally accepted auditing standards column the
specific standard that was violated and how the
action of Jones resulted in a failure to comply
with each standard.
4
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 1 DQ 1 Internal vs. External Audit
Staffs FOR MORE CLASSES VISIT www.acc410tutor.com
  Internal vs. External Audit Staffs Spacecraft,
Inc., is a large corporation that is audited
regularly by a public accounting firm but also
maintains an internal auditing staff. Explain
briefly how the relationship of the public
accounting firm to Spacecraft differs from the
relationship of the internal auditing staff to
Spacecraft.
5
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 1 DQ 2 Audit Reports FOR MORE
CLASSES VISIT www.acc410tutor.com   Audit
Reports. Evaluate the following question If a
CPA firm completes a nonpublic company audit of
Adam Companys financial statements following
IACPA generally accepted auditing standards and
is satisfied with the results of an audit, an
unmodified report may be issued.
6
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 2 Assignment Analytical
Procedures FOR MORE CLASSES VISIT www.acc410tutor.
com   Analytical Procedures In a 2-3 page paper,
complete the case below and submit to instructor.
Review the income statement for Uden Supply
Company and answer the following a. Describe the
purpose of analytical procedures performed in the
planning stage of the audit.
7
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 2 DQ 1 Balance Sheet
Verification FOR MORE CLASSES VISIT www.acc410tuto
r.com   Balance Sheet Verification The best
means of verification of cash, inventory, office
equipment, and nearly all other assets is a
physical count of the units only a physical
count gives the auditors complete assurance as to
the accuracy of the amounts listed on the balance
sheet.
8
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 2 DQ 2 Accounting Principles FOR
MORE CLASSES VISIT www.acc410tutor.com   Accountin
g Principles Discuss what is meant by the phrase
shopping for accounting principles. What
mechanisms have served to prevent this practice
by management? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
9
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 3 Assignment Internal Control
Case FOR MORE CLASSES VISIT www.acc410tutor.com  
Internal Control Case Complete Case 18-37 (p.
724-725) and submit to instructor. For each of
the following independent cases state the highest
level of deficiency that you believe the
circumstances represent--a control deficiency, a
significant deficiency, or a material weakness
10
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 3 DQ 1 Audit Programs FOR MORE
CLASSES VISIT www.acc410tutor.com   Audit
Programs. All experienced auditors would design
exactly the same audit program for a particular
audit engagement. Do you agree? Explain.
Remember to complete all parts of the problems.
Do not forget to show the necessary steps and
explain how you attained that outcome
11
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 3 DQ 2 Internal Control
Procedures FOR MORE CLASSES VISIT www.acc410tutor.
com   Internal Control Procedures Describe what
is meant by a walk-through. Must walk-throughs
be performed during audits of internal control
over financial reporting? May the client perform
a walk-through and the auditors then review the
clients work? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
12
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 4 Critical Thinking Quiz FOR MORE
CLASSES VISIT www.acc410tutor.com   ACC 410 Week
4 Critical Thinking Quiz
13
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 4 DQ 1 Legal Case FOR MORE CLASSES
VISIT www.acc410tutor.com   Legal Case Compare
the rights of plaintiffs under common law with
the rights of persons who purchase securities
registered under the Securities Act of 1933 and
sustain losses. In your answer, emphasize the
issue of who must bear the burden of proof.
Remember to complete all parts of the problems.
Do not forget to show the necessary steps and
explain how you attained that outcome.
14
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 4 DQ 2 Ethics Case FOR MORE CLASSES
VISIT www.acc410tutor.com   Ethics Case Harris
Fell, CPA and member of the AICPA, was engaged to
audit the financial statements of Wilson
Corporation. Fell had half-completed the audit
when he had a dispute with the management of
Wilson Corporation and was discharged. Hal Compton
15
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 5 Assignment Audit Report
Modifications Paper FOR MORE CLASSES
VISIT www.acc410tutor.com   Audit Report
Modifications. Complete problem below. List a
represents the types of opinions the auditor
ordinarily would issue and List B represents the
report modifications if any that would be
necessary. Select as the best answer for each
situation
16
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 5 DQ 1 Audit Reporting FOR MORE
CLASSES VISIT www.acc410tutor.com   Audit
Reporting Wade Corporation has been your audit
client for several years. At the beginning of the
current year, the company changed its method of
inventory valuation from average cost to last in,
first out (LIFO). The change, which had been
under consideration for some time,
17
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 5 DQ 2 Audit Reports FOR MORE
CLASSES VISIT www.acc410tutor.com   Audit
Reports. The auditors do not believe that certain
lease obligations have been reflected in
conformity with generally accepted accounting
principles in the clients financial statements.
What type of opinion should the auditors issue if
they decide that the exceptions are immaterial?
18
ACC 410 TUTOR GREAT WISDOM
ACC 410 Week 5 Final Paper Audit Plan Keystone
Computers FOR MORE CLASSES VISIT www.acc410tutor.c
om   The final paper will be based on Appendix 6C
Illustrative Audit Case Keystone Computers at
pages 237-244 in your text. Write, in outline
format but in complete sentences, a 6 to 10 page
audit plan. It is recommended that you look at
Figure 18.8 on page 708, which shows the control
objectives related to accounts receivable.
19
ACC 410 TUTOR GREAT WISDOM