ACC 410 Become Exceptional/newtonhelp.com

1
ACC 410 Become Exceptional/newtonhelp.com
2
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Entire Course (Ash Course) For more
course tutorials visit www.newtonhelp.com     ACC
410 Week 1 DQ 1 Internal vs. External Audit
Staffs ACC 410 Week 1 DQ 2 Audit Reports ACC 410
Week 1 Assignment Generally Accepted Auditing
Standards
3
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 1 Assignment Generally Accepted
Auditing Standards (Ash course) For more course
tutorials visit www.newtonhelp.com     Generally
Accepted Auditing Standards. Complete problem
below and submit to your instructor. Write under
the generally accepted auditing standards column
the specific standard that was violated and how
the action of Jones resulted in a failure to
comply with each standard. Organize your answer
as shown below specifically with a column for
the standard that was violated and a column for
the required action. Thepapershouldbe 2-3 pages.
4
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 1 DQ 1 Internal vs. External Audit
Staffs (Ash course) For more course tutorials
visit www.newtonhelp.com     Internal vs.
External Audit Staffs. Spacecraft, Inc., is a
large corporation that is audited regularly by a
public accounting firm but also maintains an
internal auditing staff. Explain briefly how the
relationship of the public accounting firm to
Spacecraft differs from the relationship of the
internal auditing staff to Spacecraft. Do not
forget to show the necessary
5
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 1 DQ 2 Audit Reports (Ash course)
For more course tutorials visit www.newtonhelp.co
m     Audit Reports. Evaluate the following
question If a CPA firm completes a nonpublic
company audit of Adam Companys financial
statements following IACPA generally accepted
auditing standards and is satisfied with the
results of an audit, an unmodified report may be
issued. On the other hand, if no audit is
performed of the current years
6
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 2 Assignment Analytical Procedures
(Ash course) For more course tutorials
visit www.newtonhelp.com     Analytical
Procedures. In a 2-3 page paper, complete the
case below and submit to instructor. Review the
income statement for Uden Supply Company and
answer the following a. Describe the purpose of
analytical procedures performed in the planning
stage of the audit.
7
ACC 410 Become Exceptional/newtonhelp.com
 ACC 410 Week 2 DQ 1 Balance Sheet Verification
(Ash course) For more course tutorials
visit www.newtonhelp.com     Balance Sheet
Verification. The best means of verification of
cash, inventory, office equipment, and nearly all
other assets is a physical count of the units
only a physical count gives the auditors complete
assurance as to the accuracy of the amounts
listed on the balance sheet. Evaluate this
statement. Remember to complete all parts of the
problems. Do not forget to show the necessary
steps and explain how you attained that outcome.
Respond to at least two of your classmates
postings
8
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 2 DQ 2 Accounting Principles (Ash
course) For more course tutorials
visit www.newtonhelp.com     Accounting
Principles. Discuss what is meant by the phrase
shopping for accounting principles. What
mechanisms have served to prevent this practice
by management? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
9
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 3 Assignment Internal Control Case
(Ash course) For more course tutorials
visit www.newtonhelp.com     Internal Control
Case. Complete Case 18-37 (p. 724-725) and submit
to instructor. For each of the following
independent cases state the highest level of
deficiency that you believe the circumstances
represent--a control deficiency, a significant
deficiency, or a material weakness
10
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 3 DQ 1 Audit Programs (Ash course)
For more course tutorials visit www.newtonhelp.co
m     Audit Programs. All experienced auditors
would design exactly the same audit program for a
particular audit engagement. Do you agree?
Explain. Remember to complete all parts of the
problems. Do not forget to show the necessary
steps and explain how you attained that outcome
11
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 3 DQ 2 Internal Control Procedures
For more course tutorials visit www.newtonhelp.co
m     Internal Control Procedures. Describe what
is meant by a walk-through. Must walk-throughs
be performed during audits of internal control
over financial reporting? May the client perform
a walk-through and the auditors then review the
clients work? Remember to complete all parts of
the problems. Do not forget to show the necessary
steps and explain how you attained that outcome
12
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 week 4 Critical thinking Quiz For more
course tutorials visit www.newtonhelp.com     ACC
410 week 4 Critical thinking Quiz
13
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 4 DQ 1 Legal Case (Ash course) For
more course tutorials visit www.newtonhelp.com    
Legal Case. Compare the rights of plaintiffs
under common law with the rights of persons who
purchase securities registered under the
Securities Act of 1933 and sustain losses. In
your answer, emphasize the issue of who must bear
the burden of proof. Remember to complete all
parts of the problems. Do not forget to show the
necessary steps and explain how you attained that
outcome.
14
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 4 DQ 2 Ethics Case (Ash course)
For more course tutorials visit www.newtonhelp.co
m     Ethics Case. Harris Fell, CPA and member of
the AICPA, was engaged to audit the financial
statements of Wilson Corporation. Fell had
half-completed the audit when he had a dispute
with the management of Wilson Corporation and was
discharged. Hal Compton, CPA, was promptly
engaged to replace Fell. Wilson Corporation did
not compensate
15
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 5 Assignment Audit Report
Modifications Paper (Ash course) For more
course tutorials visit www.newtonhelp.com     Audi
t Report Modifications. Complete problem below.
List a represents the types of opinions the
auditor ordinarily would issue and List B
represents the report modifications if any that
would be necessary. Select as the best answer for
each situation items 1 to 6 the type of opinion
and modifications, if any, the auditor would
normally select. The types of opinions in List A
and the report modifications in List B may be
selected once, more than once, or not at all. The
paper should be 2-3 pages.
16
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 5 DQ 1 Audit Reporting (Ash course)
For more course tutorials visit www.newtonhelp.co
m     Audit Reporting. Wade Corporation has been
your audit client for several years. At the
beginning of the current year, the company
changed its method of inventory valuation from
average cost to last in, first out (LIFO). The
change, which had been under consideration for
some time, was in your opinion a logical and
proper step for the company to take. What effect,
if any, will this situation have on your audit
report for the current year?
17
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 5 DQ 2 Audit Reports (Ash course)
For more course tutorials visit www.newtonhelp.co
m     Audit Reports. The auditors do not believe
that certain lease obligations have been
reflected in conformity with generally accepted
accounting principles in the clients financial
statements. What type of opinion should the
auditors issue if they decide that the exceptions
are immaterial? Material?Very material? Remember
to complete all parts of the problems. Do not
forget to show the necessary steps and explain
how you attained that outcome
18
ACC 410 Become Exceptional/newtonhelp.com
ACC 410 Week 5 Final Paper Audit Plan Keystone
Computers (Ash course) For more course
tutorials visit www.newtonhelp.com     The final
paper will be based on Appendix 6C Illustrative
Audit Case Keystone Computers at pages 237-244
in your text. Write, in outline format but in
complete sentences, a 6 to 10 page audit plan. It
is recommended that you look at Figure 18.8 on
page 708, which shows the control objectives
related to accounts receivable.
19
ACC 410 Become Exceptional/newtonhelp.com