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ACC 491 Education Begins/newtonhelp.com

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For more course tutorials visit Uophelp is now newtonhelp.com www.newtonhelp.com ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18, 2-20, 2-21 ACC 491 Week 2 Ethics, Legal Liability, Audit Responsibilities Quiz (Score 100%) ACC 491 Week 3 Scenario Assignment (Barnes & Noble) – PowerPoint PPT presentation

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Title: ACC 491 Education Begins/newtonhelp.com


1
ACC 491 Education Begins/newtonhelp.com
2
ACC 491 All Assignments
  • For more course tutorials visit
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  • www.newtonhelp.com
  •  
  •  
  •  ACC 491 Week 1 Textbook Problem 1-20, 1-21,
    2-18, 2-20, 2-21 
  • ACC 491 Week 2 Ethics, Legal Liability, Audit
    Responsibilities Quiz (Score 100)  
  • ACC 491 Week 3 Scenario Assignment (Barnes
    Noble) 
  • ACC 491 Week 3 Fraud Article Summary
  •  
  •  

3
ACC 491 Week 1 DQ 1
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  •  
  • The American Institute of Certified Public
    Accountants (AICPA) and the Institute of Internal
    Auditors (IIA) have positioned the auditing
    professions to become assurance professions.
    What is the difference between assurance
    services, attestation services, and auditing
    services? What are the economic issues that drive
    the increased demand for assurance services? What
    is one assurance engagement and one attestation
    engagement other than an audit of financial
    statements? What are the differences between the
    two?

4
ACC 491 Week 1 DQ 2
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  • The ten Generally Accepted Auditing Standards
    (GAAS) provide the foundation for all other
    auditing standards and interpretations. What is
    the definition of the standard of due
    professional care, and how might a court decide
    whether an audit firm met the standard?  Why is
    independence often considered the cornerstone of
    the auditing profession? Why were independence
    issues a primary concern of Congress when they
    developed the Sarbanes-Oxley Act?
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5
ACC 491 Week 1 Self Guided Quiz
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  •  
  • 1. In your own words, define Auditing.
  • 2. Discuss the importance of Evidence in
    auditing.
  • 3. Define Independence and Objectivity as
    they relate to auditing.
  •  4. Audits typically consist of three phases
    Planning Fieldwork Reporting. Describe
    activities that accompany each phase.  
  •  

6
ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18,
2-20, 2-21
  • For more course tutorials visit
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  •  
  • Write a brief response, 30 to 90 words for each
    question.
  • Text Problem 1-20
  • Distinguish between auditing and accounting.
  • Text Problem 1-21
  • Differentiate between the three main types of
    audits and auditors.
  • Text Problem 2-18 

7
ACC 491 Week 2 DQ 1
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  • What is the purpose of engagement planning? What
    critical information should the auditor consider
    during engagement planning? How will this
    information affect the scope of the audit?
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8
ACC 491 Week 2 DQ 2
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  • What are the components of the audit risk model?
    How does the audit risk model impact an audit
    plan?

9
ACC 491 Week 2 Ethics, Legal Liability, Audit
Responsibilities Quiz (Score 100)
  • For more course tutorials visit
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  •  
  •  Question  1 
  •     One of the main reasons people act
    unethically is that they choose to act selfishly.
  •         True
  •         False
  •     
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10
ACC 491 Week 3 DQ 1
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  • How are analytical procedures used in an audit
    engagement? What premise underlies the use of
    analytical procedures in auditing? What sources
    of information can an auditor use to develop
    expectations? Give examples.

11
ACC 491 Week 3 DQ 2
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  • 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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12
ACC 491 Week 3 Fraud Article Summary
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  •  
  •  Research an article in the University Library or
    from another credible source. The article should
    be about a recent accounting fraud incident
    within a company.
  • Summarize the article in 350 to 525 words.
  • Describe any measures you believe could have been
    used to avoid the problems presented in the
    article.
  • Click the Assignment Files tab to submit your
    assignment in a Microsoft Word document.
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  •  

13
ACC 491 Week 3 Scenario Assignment (Barnes
Noble)
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  • You are a senior manager for the highly
    successful regional CPA firm of Fine, Dee, Evah,
    Dense, LLP (Fine). Since its inception nearly 30
    years ago, Fines audit practice has exclusively
    consisted of auditing private and not-for-profit
    organizations. Recently, the partners have been
    considering an opportunity to audit a
    publically-traded company for the company your
    team has selected.
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14
ACC 491 Week 3 Team Scenario Assignment (Amazon)
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  • Week 3 Team Assignment Document
  • You are a senior manager for the highly
    successful regional CPA firm of Fine, Dee, Evah,
    Dense, LLP (Fine). Since its inception nearly 30
    years ago, Fines audit practice has exclusively
    consisted of auditing private and not-for-profit
    organizations.

15
ACC 491 Week 3 Team Scenario Assignment (Lockheed
Martin)
  • For more course tutorials visit
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  • Week 3 Team Assignment Document
  • You are a senior manager for the highly
    successful regional CPA firm of Fine, Dee, Evah,
    Dense, LLP (Fine). Since its inception nearly 30
    years ago, Fines audit practice has exclusively
    consisted of auditing private and not-for-profit
    organizations. Recently, the partners have been
    considering an opportunity to audit a
    publically-traded company for the company your
    team has selected.

16
ACC 460 Week 4 Exercise 13-20 Recording Revenue
and Related Expense Transactions
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  •  Complete the following questions in Exercise
    13-20, p. 570
  • 1-5
  • Click the Assignment Files tab to submit your
    assignment.
  •  

17
ACC 491 Week 4 Assignment Internal Control, COSO
and SOX
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  •  Write a paper on COSO and how it relates to
    Sarbanes-Oxley and the auditing of public
    companies in 700 to 1,050 words. Address the
    following
  •          Provide a brief history of COSO.
  •          Describe the five components and 17
    principles of the COSO Framework.

18
ACC 491 Week 4 DQ 1
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  • What are some of the different types of sampling
    methods that are available to the auditor? How
    does the auditor decide which method to use? How
    will the different methods affect the audit?
  •  

19
ACC 491 Week 4 DQ 2
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  • What is the importance of defining the population
    when performing audit procedures? How will this
    affect the sample size? How will incorrectly
    defining the population affect the sampling unit?
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20
ACC 491 Week 4 Team Scenario Assignment Cheat
Sheet on Evidence and Documentation
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  •  In further preparation for your audit of the
    company your team selected, you decided to gather
    your team and discuss Audit Evidence and
    Documentation Standards for this audit. Your
    preparation included a review of evidence and
    documentation literature (Chapter 7).   
  •  

21
ACC 491 Week 5 Fraud Auditing (2 Papers)
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  •  Write a 750- to 1,050-word paper on fraud
    auditing and IT auditing.
  •          Describe the different kinds of fraud
    andthe Fraud Triangle, an auditor's
    responsibility to identify and assess fraud 
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22
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Amazon)
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  •  
  • Create a 20- to 30-minute presentation, with 15
    to 20 slides based the team scenario assignments
    from Weeks 3 and 4 (Initial Risk Assessment,
    Analytical Procedures, Materiality and Risk,
    Audit Tests, Work Programs, Evidence and
    Documentation, Report on Internal Controls, COSO
    and SOX). 
  •  
  •  

23
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Apple)
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  • Complete questions 15-17, a and b.
  • Click the Assignment Files tab to submit your
    assignment.
  •  
  •  

24
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Barnes Noble)
  • For more course tutorials visit
  • uophelp.com is now newtonhelp.com
  • www.newtonhelp.com
  •  
  • Create a 20- to 30-minute presentation, with 15
    to 20 slides based the team scenario assignments
    from Weeks 3 and 4 (Initial Risk Assessment,
    Analytical Procedures, Materiality and Risk,
    Audit Tests, Work Programs, Evidence and
    Documentation, Report on Internal Controls, COSO
    and SOX). 
  •  
  •  

25
ACC 491 Education Begins/newtonhelp.com
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