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4-18 (Objective 4-6) The following questions concern independence and theCode of Professional Conduct or GAAS. Choose the best response. a. What is the meaning of the generally accepted auditing standard that requires the auditor be independent? 4-19 (Objective 4-7) The following questions concern possible violations of the AICPA Code of Professional Conduct. Choose the best response. a. In which one of the following situations would a CPA be in violation of the AICPA Code of Professional Conduct in determining the audit fee? – PowerPoint PPT presentation

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Title: ACCT 555 Enthusiastic Study / snaptutorial.com


1
ACCT 555 Enthusiastic Study / snaptutorial.com
2
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 2 Homework Assignment For more
classes visit www.snaptutorial.com   4-18
(Objective 4-6) The following questions concern
independence and theCode of Professional Conduct
or GAAS. Choose the best response. a. What is the
meaning of the generally accepted auditing
standard that requires the auditor be
independent? 4-19 (Objective 4-7) The following
questions concern possible violations of the
AICPA Code of Professional Conduct. Choose the
best response.
3
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 3 Homework Assignment For more
classes visit www.snaptutorial.com   Week 3
Homework 6-19 (Objective 6-1) The following
questions concern the reasons auditors do audits.
Choose the best response. a. Which of the
following best describes the reason why an
independent auditor reports on financial
statements?
4
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 4 Homework Assignment For more
classes visit www.snaptutorial.com   ACCT 555
Week 4 Homework Assignment
5
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 5 Assignment Fraud in the News
For more classes visit www.snaptutorial.com   W
eek 5 Fraud in the News Audit Finds Fraud in 13
of Detroit City Worker Jobless Claims  
6
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 5 Homework Assignment For more
classes visit www.snaptutorial.com   Chapter 12,
pages 390397 Problems 12-17, 12-18, and
12-27 Chapter 13, pages 429430 Problems 13-22,
13-23, and 13-24  
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ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 6 Homework Assignment For more
classes visit www.snaptutorial.com   ACCT 555
Week 6 Homework Assignment  
8
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 Course Project Smackey Dog Foods
Inc For more classes visit www.snaptutorial.c
om   ACCT 555 Week 7 Course Project Smackey Dog
Foods Inc
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ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 Course Project For more
classes visit www.snaptutorial.com   ACCT 555
Week 7 Course Project
10
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 Homework Assignment For more
classes visit www.snaptutorial.com   20-17
(Objective 20-3) The following questions concern
internal controls in the payroll and personnel
cycle. Choose the best response. a. A factory
foreman at Steblecki Corporation discharged an
hourly worker but did not notify the human
resources department. The foreman then forged the
workers signature on time cards and work tickets
and, when giving out the checks, diverted the
payroll checks drawn from the discharged worker
to his own use. The most effective procedure for
preventing this activity is to
11
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 HomeworkAssignment For more
classes visit www.snaptutorial.com   20-17
(Objective 20-3) The following questions concern
internal controls in the payroll and personnel
cycle. Choose the best response. a. A factory
foreman at Steblecki Corporation discharged an
hourly worker but did not notify the human
resources department. The foreman then forged the
workers signature on time cards and work tickets
and, when giving out the checks, diverted the
payroll checks drawn from the discharged worker
to his own use. The most effective procedure for
preventing this activity is to
12
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 Quiz For more classes
visit www.snaptutorial.com   ACCT 555 Week 7 Quiz
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ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Week 7 You Decide Questions and Answers
For more classes visit www.snaptutorial.com  
Questions Q1 Discuss how the SEC has influence
(if any) over the audit of Smackey Dog Foods,
Inc. Q2 Discuss the essential activities
involved in the initial planning of an audit. How
do these all specifically to the Smackey Dog Food
client? Q3 Discuss the 4 stages of the audit and
the major activities performed by the auditor in
each phase. Give an example of how each of these
specifically applies to the Smackey Dog Food, Inc
audit. For instance, examine the apparent
internal control weaknesses and possible negative
outcome of each
14
ACCT 555 Enthusiastic Study / snaptutorial.com
ACCT 555 Worksheet for You Decide Course Project
For more classes visit www.snaptutorial.com  
Questions Q1 Discuss how the SEC has influence
(if any) over the audit of Smackey Dog Foods,
Inc. Q2 Discuss the essential activities
involved in the initial planning of an audit. How
do these all specifically to the Smackey Dog Food
client? Q3 Discuss the 4 stages of the audit and
the major activities performed by the auditor in
each phase. Give an example of how each of these
specifically applies to the Smackey Dog Food, Inc
audit. For instance, examine the apparent
internal control weaknesses and possible negative
outcome of each.
15
ACCT 555 Enthusiastic Study / snaptutorial.com
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