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ACC 490 Course Begins Education /
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ACC 490 Course Begins Education /
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• ACC 490 Entire Course

• ACC 490 Week 1 DQ 1

• ACC 490 Week 1 Generally Accepted Auditing
  Standards Paper
• ACC 490 Week 1 DQ 1
• ACC 490 Week 1 DQ 2
• ACC 490 Week 2 Individual Ch. 1 Textbook Exercise
• ACC 490 Week 2 Learning Team Auditing,
  Attestation, and Assurance Services Paper

• Why is public accounting often viewed as a
  guarantor of results, or even as a provider of
  assurance that ones investment is of high
  quality? To what extent is it reasonable to view
  the auditor as a guarantor? Explain. To what
  extent do you believe that user expectations of
  the public accounting profession appear to be
  unwarranted?

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• ACC 490 Week 1 DQ 2

• ACC 490 Week 1 Generally Accepted Auditing
  Standards Paper 

• The Sarbanes-Oxley Act of 2002 has been described
  as the most far-reaching legislation affecting
  business since the passage of the 1933 Securities
  Act. What are the specific portions of the
  legislation that affect the external audit
  profession, and how do they affect the
  profession?

• Describe the elements of the Generally Accepted
  Auditing 
•  Standards (GAAS).
• Describe how these standards apply to financial,
  operational, and compliance audits. 
• Explain the effect that the Sarbanes-Oxley Act of
  2002, and the Public Company Accounting Oversight
  Board

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ACC 490 Course Begins Education /
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• ACC 490 Week 2 DQ 1

• ACC 490 Week 2 DQ 2

• Why is public accounting often viewed as a
  guarantor of results, or even as a provider of
  assurance that ones investment is of high
  quality? To what extent is it reasonable to view
  the auditor as a guarantor? Explain. To what
  extent do you believe that user expectations of
  the public accounting profession

• The third generally accepted standard of audit
  fieldwork requires that auditors obtain
  sufficient, competent audit evidence to afford a
  reasonable basis for an opinion regarding the
  financial statements under examination. In
  considering what constitutes sufficient,
  competent audit evidence, a distinction should be
  made

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ACC 490 Course Begins Education /
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• ACC 490 Week 2 Individual Ch. 1 Textbook Exercise

• ACC 490 Week 2 Learning Team Auditing,
  Attestation, and Assurance Services Paper

• Resources Ch. 1 of Modern Auditing Assurance
  Services and the Integrity of Financial Reporting
• Prepare written answers to the following
  assignment from Modern Auditing Assurance
  Services and the Integrity of Financial
  Reporting

• An example of each type of service
• Who might request such a service?
• What standards apply to each service and who
  establishes those standards?

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ACC 490 Course Begins Education /
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• ACC 490 Week 3 DQ 1

• ACC 490 Week 3 DQ 2

• What are the two types of audit tests? What are
  some examples of each of these two types of
  tests? How will the auditor use the data gathered
  from these tests?

• Why do auditors have to consider the internal
  controls of the organization? What are some key
  elements of internal control? Which are the most
  important? How will the auditor have to modify
  the audit program if the internal controls are
  deemed inadequate to support management
  assertions?

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• ACC 490 Week 3 Learning Team Ch. 6 and 7 Textbook
  Exercises

• ACC 490 Week 4 DQ 1

• Prepare written answers to the following
  assignments from the text Modern Auditing
  Assurance Services and the Integrity of Financial
  Reporting
• Ch. 6 Comprehensive Question 6-26 Audit
  Programs and Assertions

• Why do auditors find it necessary to use
  sampling? What are the risks associated with
  sampling?
• How might these risks affect the audit
  conclusion?

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ACC 490 Course Begins Education /
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• ACC 490 Week 4 DQ 2

• ACC 490 Week 4 IndividualCh. 8, 10, and 11
  Textbook Exercises

• How does the auditor evaluate the results of
  audit procedures? What types of qualitative
  factors might the auditor consider when
  encountering an error? How might the results
  affect the audit conclusion?

• Prepare written answers to the following
  assignments from Modern Auditing Assurance
  Services and the Integrity of Financial
  Reporting
•  Ch. 8 Comprehensive Questions 8-16 Analytical
  procedures
• Ch. 10 Comprehensive Questions 10-32
  Components of Internal Control

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ACC 490 Course Begins Education /
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• ACC 490 Week 4 Learning Team Apollo Shoes Case
  Assignment

• ACC 490 Week 5 Individual Ch. 11 and 13 Textbook
  Exercises

• Complete the Internal Control audit section of
  the case using the Apollo Shoes Case materials,
  available under the Assessment section of Week
  Three on the student website. 

• Prepare written answers to the following
  assignments from Modern Auditing Assurance
  Services and the Integrity of Financial
  Reporting
•   Ch. 11 Learning Checks 11-6, 11-8, 11-9 
• Ch. 13 Learning Check 13-8

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• ACC 490 Week 5 Learning Team Audit Sampling Case
  Memo and Presentation

• Case 13-36 Mt. Hood FurniturePPS Sampling
  Problem
• Format your memo consistent with APA guidelines.
• Prepare a 10- to 15-slide Microsoft PowerPoint
  presentation illustrating your Audit Sampling
  Case Memo.

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