ACC 491 Inspiring Innovation--snaptutorial.com

1
ACC 491 Inspiring Innovation--snaptutorial.com
2
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 All Assignments   For more classes
visits www.snaptutorial.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 Inspiring Innovation--snaptutorial.com
ACC 491 Week 1 DQ 1   For more classes
visits www.snaptutorial.com     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 Inspiring Innovation--snaptutorial.com
ACC 491 Week 1 DQ 2   For more classes
visits www.snaptutorial.com   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?
5
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 1 Self Guided Quiz   For more
classes visits www.snaptutorial.com     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.
  5. Distinguish between Assurance and
Attestation Services. 6. Describe the following
types of Audits
6
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18,
2-20, 2-21   For more classes
visits www.snaptutorial.com     Write a brief
response, 30 to 90 words for each question. Text
Problem 1-20 Distinguish between auditing and
accounting. Text Problem 1-21
7
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 2 DQ 1   For more classes
visits www.snaptutorial.com     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?    
8
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 2 DQ 2   For more classes
visits www.snaptutorial.com     What are the
components of the audit risk model? How does the
audit risk model impact an audit plan?
     
   
9
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 2 Ethics, Legal Liability, Audit
Responsibilities Quiz (Score 100)   For more
classes visits www.snaptutorial.com      Question
 1       One of the main reasons people act
unethically is that they choose to act
selfishly.         True         False       
10
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 DQ 1   For more classes
visits www.snaptutorial.com     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 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 DQ 2   For more classes
visits www.snaptutorial.com   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?  
12
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 Fraud Article Summary   For more
classes visits www.snaptutorial.com     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.
13
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 Scenario Assignment (Barnes
Noble)   For more classes visits www.snaptutoria
l.com     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 pr
14
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 Team Scenario Assignment
(Amazon)   For more classes visits www.snaptutor
ial.com     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.
15
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 3 Team Scenario Assignment (Lockheed
Martin)   For more classes visits www.snaptutori
al.com     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. The primary reason Fine has
not heretofore ventured into auditing
publically-traded companies is because of the
potential risk and legal liability associated
with auditing public companies. However, Fine has
been a bit stagnant, business-
16
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 4 Assignment Internal Control, COSO
and SOX   For more classes visits www.snaptutori
al.com     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.
17
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 4 DQ 1   For more classes
visits www.snaptutorial.com   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?.      
18
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 4 DQ 2   For more classes
visits www.snaptutorial.com   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?    
19
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 4 Team Scenario Assignment Cheat
Sheet on Evidence and Documentation   For more
classes visits www.snaptutorial.com     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).  To properly prepare the
staff that will be working with you, you decide
to create a Cheat Sheet on Evidence and
Documentation to be used in your
presentation.  Prepare a "Cheat Sheet" that
briefly describes Audit Evidence and
Documentation Standards, which includes the
following topics. Each topic should be 90 to 175
words Comparison of Audit, Scientific and
Legal Evidence Standards.
20
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 5 Fraud Auditing (2 Papers)   For
more classes visits www.snaptutorial.com     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.
Describe the specific risks, benefits, and
internal controls associated with IT
functions.  Please do not plagiarize  
21
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Amazon)   For more classes
visits www.snaptutorial.com     Create a 20- to
30-minute presentation, with 15 to 20 slides
based the te
22
ACC 491 Inspiring Innovation--snaptutorial.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Apple)   For more classes
visits www.snaptutorial.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).  State the
company selected for the team assignments.
23
ACC 491 Inspiring Innovation--snaptutorial.com
  ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Barnes Noble)   For more
classes visits www.snaptutorial.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).  State the company selected for the
team assignments. Explains the reason the company
was selected.
24
ACC 491 Inspiring Innovation--snaptutorial.com