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ACC 546 Endless Education /newtonhelp.com

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For more course tutorials visit www.newtonhelp.com Please check All Included Assignments Below ACC 546 Individual Assignment Evaluating the Case Against Lehman Brothers ACC 546 Case 3.3 The Anonymous Caller ACC 546 Assignment Burlington Bees – PowerPoint PPT presentation

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Title: ACC 546 Endless Education /newtonhelp.com


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ACC 546 Endless Education /newtonhelp.com
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ACC 546 Endless Education /newtonhelp.com
  • ACC 546 All Assignments
  • For more course tutorials visit
  • www.newtonhelp.com
  • Please check All Included Assignments Below
  • ACC 546 Individual Assignment Evaluating the Case
    Against Lehman Brothers
  • ACC 546 Case 3.3 The Anonymous Caller
  • ACC 546 Assignment Burlington Bees

3
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Assignment Burlington Bees
  • For more course tutorials visit
  • www.newtonhelp.com
  • 1 Research auditing professional standards and
    list the requirements related to developing an
    expectation and conducting analytical procedures
    when those procedures are intended to provide
    substantive evidence. What are the advantages of
    developing an expectation at a detailed level
    (i.e., using disaggregated data) rather than at
    an overall or aggregated level?

4
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 2.2 Apple Inc.
  • For more course tutorials visit
  • www.newtonhelp.com
  • CASE 2.2 Apple Inc.
  • Evaluation of Client Business Risk
  • After completing and discussing this case you
    should be able to
  • 1 Describe the implications of an audit
    clients business risk on the audit engagement
  • 2 Describe the types of information relevant to
    evaluate an audit clients business risk

5
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 3.3 The Anonymous Caller
  • For more course tutorials visit
  • www.newtonhelp.com
  • Case 3.3 The Anonymous Caller, p. 63-65
  • 1 Do you think situations like this (i.e.,
    aggressive accounting or even financial statement
    fraud) are common in practice?
  • 2 Which financial statement assertion related
    to sales transactions did management violate when
    it issued the falsified financial statements?

6
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 4.1 Enron Corporation Andersen LLP
  • For more course tutorials visit
  • www.newtonhelp.com
  • 1)What were the business risks Enron faced, and
    how did those risks increase the likelihood of
    material misstatement in Enrons financial
    statements?
  • 2) In your own words, summarize how Enron used
    SPEs to hide large amounts of company debt
  • (a) What are the responsibilities of a companys
    board of directors?

7
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 5.1 Simply Steam Co.
  • For more course tutorials visit
  • www.newtonhelp.com
  • Commitment to Integrity and Ethical Values
  • Board of Directors Demonstrates Independence and
    Appropriate Oversight
  • Managements Philosophy and Operating Style
  • Management Establishes Structure and Reporting
    Lines to Achieve Objectives

8
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 7.1 Anne Aylor Inc
  • For more course tutorials visit
  • www.newtonhelp.com
  • ACC 546 Case 7.1 Anne Aylor, Inc.
  •  
  • a Why are different materiality bases
    considered when determining planning materiality?
  • b Why are different materiality thresholds
    relevant for different audit engagements?
  • c Why is the materiality base that results in
    the smallest threshold generally used for
    planning purposes?

9
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 CASE 9.1 Wallys Billboard Sign Supply
  • For more course tutorials visit
  • www.newtonhelp.com
  • CASE 9.1 Wallys Billboard Sign Supply
  •  
  • After completing the audit program, answer the
    following questions
  •  
  • 1 Why is the audit of cash an important part of
    the audit?
  •  

10
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 9.3 Longeta Corporation
  • For more course tutorials visit
  • www.newtonhelp.com
  • Case 9.3 Longeta Corporation
  • overs auditing revenue contracts.
  • You want to be thoroughly prepared for the
    meeting with the audit manager. Perform the
    following procedures to be certain you have all
    necessary information about the transactions
    treatment.
  • 1 The Financial Accounting Standards Board
    (FASB) and the International Accounting Standards
    Board (IASB) recently completed a joint project
    to develop a common revenue standard for U.S.

11
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 9.4 Buds Big Blue Manufacturing
  • For more course tutorials visit
  • www.newtonhelp.com
  • ase 9.4 Bud's Big Blue Manufacturing covers
    accounts receivable confirmations
  • REQUIRED
  • 1 List the four factors auditors should
    consider when evaluating the results of
    confirmation procedures. Also, what are three of
    the characteristics of a reliable confirmation?
    (For this and other questions, you may wish to
    refer relevant auditing standards).

12
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 9.7 RedPack Beer Company
  • For more course tutorials visit
  • www.newtonhelp.com
  • Case 9.7 RedPack Beer Company covers estimating
    allowance for bad debt
  • 2 Following your analysis of the information in
    Schedules A-D, assume that you met with RedPacks
    Credit Manager, Katie Henson, to ask her a number
    of questions related to specific customer
    accounts in the Accounts Receivable Aged Trial
    Balance. A transcript of your interview notes is
    provided as Schedule E. Use that information to
    address the following

13
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 10.4 and 10.5 Southeast Shoe
    Distributor Inc (Score 100)
  • For more course tutorials visit
  • www.newtonhelp.com
  • Week 5 Team Assignment Case 10.4 and 10.5
    Southeast Shoe Distributor, Inc.
  • 10.4 2 Complete steps 1a-i from the audit
    program E 1-1
  • 3 Complete step 4a from the audit program E 1-1
  • 10.5
  • 1 Complete audit procedure 3a listed on audit
    program E 2.

14
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 11.1 The Runners Shop
  • For more course tutorials visit
  • www.newtonhelp.com
  • Week 6 Team Assignment, 1 Instructions Review
    case 11.1 The Runners Shop p.379-391.
  • CASE 11.1 The Runners Shop Briefly answer,
    required questions related to this case 1-3 with
    approximately 30 to 45 words.
  • REQUIRED
  • 1 Describe the purposes of audit documentation
    and explain why each purpose is important.

15
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 12.1 EyeMax Corporation
  • For more course tutorials visit
  • www.newtonhelp.com
  • Case 12.1 EyeMax Corporation evaluating audit
    differences
  • Assume that you are the auditor responsible for
    the EyeMax audit. It is now March 30, and all
    planned
  • fieldwork has been completed. Recall that total
    financial statement materiality has been set at
    625,000.
  • Taking into account the information provided,
    please answer the following question.
  • 1 Which of the following three alternatives
    best describes the conditions under which you

16
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 12.2 Auto Parts Inc
  • For more course tutorials visit
  • www.newtonhelp.com
  • Case 12.2 Auto Parts. Inc. materiality and
    evaluating accounting policies and footnote
    disclosures
  • 1 Describe whether you agree that
    capitalization of the tooling supplies is the
    preferable method of accounting for Auto Parts,
    Inc.
  • 2 In general, how do auditors develop an
    estimate of financial statement materiality? For
    Auto Parts, Inc., what is your estimate of
    financial statement materiality? Are there
    qualitative factors that might impact your
    decision about the materiality of the accounting
    treatment and the related disclosure?

17
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Case 12.4 Surfer Dude Duds Inc
  • For more course tutorials visit
  • www.newtonhelp.com
  • ACC 546 Case 12.4 Surfer Dude Duds, Inc
  • 1 What are Scotts options?
  • 2 How might a going-concern explanatory
    paragraph become a self-fulfilling prophecy for
    Surfer Dude?

18
ACC 546 Endless Education /newtonhelp.com
  •  
  • ACC 546 Individual Assignment 1.1 Ocean
    Manufacturing, Inc
  • For more course tutorials visit
  • www.newtonhelp.com
  • 2. What nonfinancial matters should be considered
    before accepting Ocean as a client? How important
    are these issues to the client acceptance
    decision? Why?
  • 5. (A). Prepare a memo to the partner making a
    recommendation as to whether Barnes and Fischer
    should or should not accept Ocean Manufacturing,
    Inc.

19
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Individual Assignment Case 5.3 Red Bluff
    Inn Café
  • For more course tutorials visit
  • www.newtonhelp.com
  • 1 What are your two biggest concerns relating
    to possible fraud for the café part of the
    business? For each concern, generate two or three
    controls that could effectively reduce risk
    related to your concerns. Use common sense and be
    creative!

20
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Individual Assignment Case 5.6 Sarbox
    Scooter Inc.
  • For more course tutorials visit
  • www.newtonhelp.com
  • Part A
  • 1. According to AS5
  • a) What should the auditor consider when
    determining whether an account should be
    considered significant?
  • b) What qualitative factors might cause an
    account that is otherwise relatively small
    quantitatively to be considered significant?

21
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Individual Assignment Evaluating the Case
    Against Lehman Brothers
  • For more course tutorials visit
  • www.newtonhelp.com
  • ACC 546 Individual Assignment Evaluating the Case
    Against Lehman Brothers
  • The Case Against Lehman Brothers. Write a 750-
    to 1,050-word evaluation. Analyze and then
    summarize the responsibilities and failings of
    the firm, the firms accountants, and government
    regulators.

22
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Laramie Wire Manufacturing Assignment
  • For more course tutorials visit
  • www.newtonhelp.com
  • ACC 546 Laramie Wire Manufacturing Assignment

23
ACC 546 Endless Education /newtonhelp.com
  • ACC 546 Week 1 Assignment Avoiding Bias Paper
  • For more course tutorials visit
  • www.newtonhelp.com
  • Avoiding Bias Paper - Assessment Activity - Week1
    - ACC/546 - eCampus
  • Read the pages 1-9 section of Professional
    Judgment and distinguish the four tendencies
    toward professional judgment bias
  • Availability Tendency
  • Confirmation Tendency
  • Overconfidence Tendency
  • Anchoring Tendency

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ACC 546 Endless Education /newtonhelp.com
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