ACC 491 Future Starts Here/newtonhelp.com

1
ACC 491 Future Starts Here/newtonhelp.com
2
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 All Assignments For more course
tutorials visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 1 DQ 1 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 1 DQ 2 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 1 Self Guided Quiz For more course
tutorials visit www.newtonhelp.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.
6
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 1 Textbook Problem 1-20, 1-21, 2-18,
2-20, 2-21 For more course tutorials
visit www.newtonhelp.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 Differentiate
between the three main types of audits and
auditors. Text Problem 2-18 
7
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 2 DQ 1 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 2 DQ 2 For more course tutorials
visit www.newtonhelp.com     What are the
components of the audit risk model? How does the
audit risk model impact an audit plan?
9
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 2 Ethics, Legal Liability, Audit
Responsibilities Quiz (Score 100) For more
course tutorials visit www.newtonhelp.com      Que
stion  1       One of the main reasons people act
unethically is that they choose to act
selfishly.         True         False       
10
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 3 DQ 1 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 3 DQ 2 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 3 Fraud Article Summary For more
course tutorials visit www.newtonhelp.com     Rese
arch 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.
13
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 3 Scenario Assignment (Barnes
Noble) For more course tutorials
visit www.newtonhelp.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.
14
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 3 Team Scenario Assignment (Amazon)
For more course tutorials visit www.newtonhelp.co
m   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 Future Starts Here/newtonhelp.com
ACC 491 Week 3 Team Scenario Assignment (Lockheed
Martin) For more course tutorials
visit www.newtonhelp.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.
16
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 4 Assignment Internal Control, COSO
and SOX For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 4 DQ 1 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 4 DQ 2 For more course tutorials
visit www.newtonhelp.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 Future Starts Here/newtonhelp.com
ACC 491 Week 4 Team Scenario Assignment Cheat
Sheet on Evidence and Documentation For more
course tutorials visit www.newtonhelp.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. 
20
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 5 Fraud Auditing (2 Papers) For
more course tutorials visit www.newtonhelp.com   W
rite 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, bene
fits, and internal controls associated with IT fun
ctions. 
21
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Amazon) For more course
tutorials visit www.newtonhelp.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.
22
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Apple) For more course
tutorials visit www.newtonhelp.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). 
23
ACC 491 Future Starts Here/newtonhelp.com
ACC 491 Week 5 Team Assignment Scenario
Assignment Summary (Barnes Noble) For more
course tutorials visit www.newtonhelp.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). 
24
ACC 491 Future Starts Here/newtonhelp.com