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ACC 492 Expect Success/newtonhelp.com

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For more course tutorials visit www.newtonhelp.com ACC 492 Final Exam (All Possible Questions) (2019 Syllabus) ACC 492 Week 1 Current Issue Summary ACC 492 Week 1 Current Issue Summary Behind the Numbers Insights into Large Audit Firm Sampling Policies – PowerPoint PPT presentation

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Title: ACC 492 Expect Success/newtonhelp.com


1
ACC 492 Expect Success/newtonhelp.com  
2
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Entire Course (2019 Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •   
  • ACC 492 Final Exam (All Possible Questions) (2019
    Syllabus)
  • ACC 492 Week 1 Current Issue Summary
  • ACC 492 Week 1 Current Issue Summary Behind the
    Numbers Insights into Large Audit Firm Sampling
    Policies

3
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Final Exam (All Possible Questions) (2019
    Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  1. Which of the following tests are typically
    not necessary when auditing a clients schedule
    of recorded disposals?
  • Footing the schedule.

4
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 1 Current Issue Summary Behind the
    Numbers Insights into Large Audit Firm Sampling
    Policies (2019 Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •   
  • ACC 492 Week 1 Current Issue Summary
  • Write a 175- to 350-word summary.
  • Research a recent article on sampling as it
    relates to financial statement auditing.

5
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 1 Current Issue Summary
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 1 Current Issue Summary
  • Write a 175- to 350-word summary.
  • Research a recent article on sampling as it
    relates to financial statement auditing.

6
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 1 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 1 DQ 1

7
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 1 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 1 DQ 2

8
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Current Issue Summary Auditing
    Cash, Financial Instruments, Sales, or
    Receivables
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 2 Current Issue Summary
  • Write a 175- to 350-word summary.
  • Research a recent article on auditing cash,
    financial instruments, sales, or receivables.

9
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Current Issue Summary Failing to
    Find Fraud When Auditing Cash (2019 Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 2 Current Issue Summary
  • Write a 175- to 350-word summary.
  • Research a recent article on auditing cash,
    financial instruments, sales, or receivables.

10
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 2 DQ 1

11
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Why does the auditor examine travel and
    entertainment expenses? What would poor controls
    regarding executive reimbursements say about the
    tone at the top for purposes of evaluating and
    reporting on internal control?

12
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Team Assignment (Amazon)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 2 Team Assignment
  • Learning Team assignments build upon each other
    from Weeks 2-5.
  • The first step is to go to the website of a
    publically-traded US company and select the most
    recent 10-K Form

13
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Textbook Problem 23-20, 14-20,
    14-26 (New Syllabus 2019)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  23-20 (Objectives 23-3, 23-4) The following are
    misstatements that might be found in the client's
    year-end cash balance (assume that the balance
    sheet date is June 30)
  •  

14
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Textbook Problem 23-20, 14-26
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • 23-20 (Objectives 23-3, 23-4) The following are
    misstatements that might be found in the client's
    year-end cash balance (assume that the balance
    sheet date is June 30)
  • 1.The outstanding checks on the June 30 bank
    reconciliation were underfooted by 2,000.

15
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 Week 2 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 WEEK 2 Week 2 Quiz
  • A CPA obtains a January 10 cutoff bank statement
    for a client directly from the bank. Very few of
    the outstanding checks listed on the clients
    December 31 bank reconciliation cleared during
    the cutoff period.

16
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 Current Issue Summary Auditing
    Inventory, Warehouse, or Payroll Cycles
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 3 Current Issue Summary Auditing
    Inventory, Warehouse, or Payroll Cycles
  • Write a 525- to 700-word summary.
  • Research a recent article on auditing inventory,
    warehousing, or payroll.

17
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 Current Issue Summary Keep Ghosts
    off the Payroll (2019 Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 3 Current Issue Summary
  • Write a 525- to 700-word summary.
  • Research a recent article on auditing inventory,
    warehousing, or payroll.

18
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 3 DQ 1

19
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 3 DQ 2

20
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 WEEK 3 Week 3 Quiz
  •  Control risk is the risk that a material
    misstatement in an account will not be prevented
    or detected on a timely basis by the clients
    internal controls. The best control to prevent or
    detect fictitious payroll transactions is to

21
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 Team Assignment Inventory,
    Warehousing, and Payroll accounts and cycles
    (Amazon)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Inventory, Warehousing, and Payroll accounts and
    cycles
  • Consider and discuss the specific risks and
    nature of the company you will be auditing and
    create comprehensive work programs for the
    Inventory, Warehousing, and Payroll accounts and
    cycles.

22
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 Team Assignment Inventory,
    Warehousing, and Payroll accounts and cycles
    (Walmart, 2000 Words)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Inventory, Warehousing, and Payroll accounts and
    cycles
  • Consider and discuss the specific risks and
    nature of the company you will be auditing and
    create comprehensive work programs for the
    Inventory, Warehousing,

23
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 textbook assignment 20-20, 21-21
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 3 textbook assignment
  • 20-20 (Objectives 20-2, 20-3) Following are some
    of the tests of controls and substantive tests of
    transactions procedures often performed in the
    payroll and personnel cycle.

24
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Current Issue Summary auditing
    acquisitions, payments, property plant and
    equipment
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 4 Current Issue Summary
  • Write a 525- to 700-word summary.
  • Research a recent article on auditing
    acquisitions, payments,

25
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Current Issue Summary Managements
    Report on Internal Control over Financial
    Reporting (2019 Syllabus)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  ACC 492 Week 4 Current Issue Summary
  • Write a 525- to 700-word summary.
  • Research a recent article on auditing
    acquisitions, payments,

26
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 DQ 1
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 4 DQ 1

27
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 DQ 2
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 4 DQ 2

28
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Team Assignment Acquisition,
    Payment, Property Plant, and Equipment Notes
    Payable and Owners Equity and cycles (Amazon)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  ACC 492 Week 4 Team Assignment
  • Consider and discuss the specific risks and
    nature of the company you will be auditing and
    create comprehensive work programs for the
    Acquisition, Payment,

29
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Team Assignment Acquisition,
    Payment, Property Plant, and Equipment Notes
    Payable and Owners Equity and cycles (Walmart)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 4 Team Assignment
  • Consider and discuss the specific risks and
    nature of the company you will be auditing and
    create comprehensive work programs for the
    Acquisition,

30
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Textbook Problem 18-26
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • 18-26 (Objectives 18-3, 18-4) In testing cash
    disbursements for the Jay Klein Company, you
    obtained an understanding of internal control.
    The controls are reasonably good, and no unusual
    audit problems arose in previous years.

31
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 Week 4 Quiz
  • For more course tutorials visit
  • www.newtonhelp.com
  •   
  • ACC 492 WEEK 4 Week 4 Quiz
  • Budd, the purchasing agent of Lake Hardware
    Wholesalers, has a relative who owns a retail
    hardware store. Budd arranged for hardware to be
    delivered by manufacturers to the relatives
    retail store on a COD basis,

32
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 5 Assignment importance of
    considering contingent liabilities, letters from
    client lawyers (Amazon)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  •  ACC 492 Week 5 Learning Team Assignment
  • You and your team have completed your fieldwork
    and have a handful of other considerations before
    you complete the audit and issue your report.

33
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 5 Assignment importance of
    considering contingent liabilities, letters from
    client lawyers (Walmart)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 5 Learning Team Assignment
  • You and your team have completed your fieldwork
    and have a handful of other considerations before
    you complete the audit and issue your report.

34
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 5 Final Audit Paper (Amazon)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 5 Final Paper
  • Review the Form 10-K for the company selected for
    team assignments.
  • Write a 1,050- to 1,400-word paper on the
    following

35
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 5 Final Audit Paper (Walmart)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • ACC 492 Week 5 Final Paper
  • Review the Form 10-K for the company selected for
    team assignments.
  • Write a 1,050- to 1,400-word paper on the
    following

36
ACC 492 Expect Success/newtonhelp.com  
  •  
  • ACC 492 Week 1 DQ 1 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What account balances are included in a revenue
    and collection cycle? What specific control
    procedures should be in place and operating in
    internal control governing revenue recognition
    and cash accounting?

37
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 1 DQ 2 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Why is it important to place emphasis on the
    existence and rights (ownership) assertions when
    auditing accounts receivable? Which audit
    procedures are usually the most useful for
    auditing the existence and rights assertions?

38
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 DQ 1 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • How might a purchasing manager use his or her
    position to defraud the company? What can be done
    to prevent it? Where could an auditor look to
    find evidence of losses on purchase commitments
    and unrecorded liabilities to vendors?

39
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 2 DQ 2 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • Why does the auditor examine travel and
    entertainment expenses? What would poor controls
    regarding executive reimbursements say about the
    tone at the top for purposes of evaluating and
    reporting on internal control?

40
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 DQ 1 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What internal control components are common among
    long-term assets, liabilities, and equity
    accounts? What components are unique to each? How
    can an auditor assess these controls

41
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 3 DQ 2 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the key management assertions related to
    equity? What are the most important assertions
    related equity? How will auditors test these
    assertions?

42
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 DQ 1 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What are the steps that are required for an
    auditor to finalize the audit? Which steps are
    the most crucial to the outcome of the audit? How
    will these steps affect the final audit decision?

43
ACC 492 Expect Success/newtonhelp.com  
  • ACC 492 Week 4 DQ 2 (New)
  • For more course tutorials visit
  • www.newtonhelp.com
  •  
  • What types of opinions does an auditor issue
    other than unqualified? How does an opinion other
    than unqualified affect the client? In your
    opinion, which is the worst? What are the
    circumstances that warrant each type of opinion?

44
ACC 492 Expect Success/newtonhelp.com  
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