ACC 490 Tutorials / acc490dotcom

1. ACC 490 Tutorials / acc490dotcom

2. ACC 490 Tutorials ACC 490 Entire Course ACC 490 Week 1 DQ 1 • ACC 490 Week 1 Generally Accepted • ACC 490 Week 1 DQ 1 • ACC 490 Week 1 DQ 2 • ACC 490 Week 2 Individual Ch. 1 • ACC 490 Week 2 Learning Team • ACC 490 Week 2 DQ 1 • ACC 490 Week 2 DQ 2 • ACC 490 Week 3 Individual Ch. 5 • ACC 490 Week 3 Learning Team Ch. 6 & 7 Textbook Exercises • ACC 490 week 3 Learning Team • ACC 490 week 3 DQ 1 • ACC 490 week 3 DQ 2 • To what extent is it reasonable to view the auditor as a guarantor? Explain. To what extent do you believe that user expectations of the public accounting profession appear to be unwarranted? Explain.

3. ACC 490 Tutorials ACC 490 Week 1 DQ 2 ACC 490 Week 1 Generally Accepted Auditing Standards Paper • What are some activities that are implied in the legislation, as well as activities that will likely emerge as companies implement various provisions of the act? Do you believe the legislation enhances the power and prestige of the audit profession, or alternatively, does it decrease both the power and prestige of the profession? Explain. • How does the legislation affect the internal audit profession? What are some activities that are implied in the legislation, as well as activities that will likely emerge as companies implement various provisions of the act? Do you believe the legislation enhances the power and prestige of the audit profession, or alternatively, does it decrease both the power and prestige of the profession? Explain.

4. ACC 490 Tutorials ACC 490 Week 2 DQ 1 ACC 490 Week 2 DQ 2 • To what extent is it reasonable to view the auditor as a guarantor? Explain. To what extent do you believe that user expectations of the public accounting profession appear to be unwarranted? Explain. • What presumptions can be made about the following? • The relative competence of evidence obtained from external and internal sources. • The role of internal control with respect to internal evidence produced by a client’s data processing system.

5. ACC 490 Tutorials ACC 490 Week 2 Individual Ch. 1 Textbook Exercise ACC 490 Week 2 Learning Team Auditing, Attestation, and Assurance Services Paper • Prepare written answers to the following assignment from Modern Auditing: Assurance Services and the Integrity of Financial Reporting: • Ch. 1: Comprehensive Question 1-23 – Organizations Associated with the Public Accounting Profession • Week 2 – DQ 1 • Why is public accounting often viewed as a guarantor of results, or even as a provider of assurance that one’s investment is of high quality? To what extent is it reasonable to view the auditor as a guarantor? Explain. To what extent do you believe that user expectations of the public accounting profession appear to be unwarranted? Explain.

6. ACC 490 Tutorials ACC 490 Week 3 DQ 1 ACC 490 Week 3 DQ 2 • What are the two types of audit tests? What are some examples of each of these two types of tests? How will the auditor use the data gathered from these tests? • 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?

7. ACC 490 Tutorials ACC 490 Week 3 Individual Ch. 5, 6, & 7 Textbook Exercises ACC 490 Week 3 Learning Team Assessing Materiality and Risk Simulation • Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting. • Ch. 5: Comprehensive Questions 5-30 – Assertions • Ch. 6: Comprehensive Questions 6-22 – Audit Evidence • Ch. 7: Comprehensive Questions 7-22 – Understanding the Entity and its Environment • Prepare a 350-word response to following questions after completing the simulation: • Why do certain accounts have to be audited 100%? • Why is materiality allocated only to those accounts that are sampled? • Is any component of audit risk within the control of the auditor? Explain. • How are the three risks that make up audit risk inter-related?

8. ACC 490 Tutorials ACC 490 Week 4 DQ 1 ACC 490 Week 4 DQ 2 • Why do auditors find it necessary to use sampling? What are the risks associated with sampling? • How might these risks affect the audit conclusion? • How does the auditor evaluate the results of audit procedures? What types of qualitative factors might the auditor consider when encountering an error? How might the results affect the audit conclusion?

9. ACC 490 Tutorials ACC 490 Week 4 Individual Ch. 8, 10, & 11 Textbook Exercises ACC 490 Week 4 Learning Team Apollo Shoes Case Assignment • Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting: • Ch. 8: Comprehensive Questions 8-16 – Analytical procedures • Ch. 10: Comprehensive Questions 10-32 – Components of Internal Control • Ch. 11: Comprehensive Questions 11-21 – Assessing Control Risk • Week 4 – DQ 1 • Why do auditors find it necessary to use sampling? What are the risks associated with sampling? • How might these risks affect the audit conclusion?

10. ACC 490 Tutorials ACC 490 Week 5 Individual Ch. 11 & 13 Textbook Exercises ACC 490 Week 5 Learning Team Audit Sampling Case Memo and Presentation • Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting: • Ch. 11: Learning Checks 11-6, 11-8, & 11-9 • Ch. 13: Learning Check 13-8 • Prepare a 1,400- to 1,750-word memo to the Audit Partner, John Smith, summarizing your findings from the following case found in Ch. 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting: • Case 13-36 – Mt. Hood Furniture—PPS Sampling Problem • Formatyour memo consistent with APA guidelines.

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