ACC 410Course Real Knowledge / acc410.com

1. ACC 410Course Real Knowledge / acc410.com The Best way to predict the Future is to create it.....To Best way.... www.acc410.com

2. ACC 410Course Real Knowledge / acc410.com ACC 410 Entire Course For more course tutorials visit www.acc410.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 ACC 410 Week 2 DQ 1 Balance Sheet Verification ACC 410 Week 2 DQ 2 Accounting Principles ACC 410 Week 2 Assignment Analytical Procedures ACC 410 Week 3 DQ 1 Audit Programs

3. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 1 Assignment Generally Accepted Auditing Standards For more course tutorials visit www.acc410.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. Problem: John Clinton, owner of Clinton Company, applied for a bank loan and was informed by the banker that audited financial statements of the business had to be submitted before the bank could consider the loan application.

4. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs For more course tutorials visit www.acc410.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 steps and explain how you attained that outcome. Respondtoatleasttwoofyourclassmates’ postings

5. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 1 DQ 2 Audit Reports For more course tutorials visit www.acc410.com Audit Reports. Evaluae the following question: “If a CPA firm completes a nonpublic company audit of Adam Company’s 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 year’s financial statements, but the CPA firm has performed satisfactory audits in prior years, has confidence in the management of the company, and makes a quick review of the current year’s financial statements, a qualified report may be issued.” Do you agree

6. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 2 Assignment Analytical Procedures For more course tutorials visit www.acc410.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. b. Uden Supply has projected its 2004 gross profit at 31% of sales despite expectation for some shrinkage in margins. On the basis of Uden's operating performance in years 2001 - 2003 project your best guess for 2004. Project 2004 based on the incremental changes for each line item over the last three years.

7. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 2 DQ 1 Balance Sheet Verification For more course tutorials visit www.acc410.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 410Course Real Knowledge / acc410.com ACC 410 Week 2 DQ 2 Accounting Principles For more course tutorials visit www.acc410.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 410Course Real Knowledge / acc410.com ACC 410 Week 3 Assignment Internal Control Case For more course tutorials visit www.acc410.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 410Course Real Knowledge / acc410.com ACC 410 Week 3 DQ 1 Audit Programs For more course tutorials visit www.acc410.com 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 410Course Real Knowledge / acc410.com ACC 410 Week 3 DQ 2 Internal Control Procedures For more course tutorials visit www.acc410.com 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 client’s 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 410Course Real Knowledge / acc410.com ACC 410 Week 4 DQ 1 Legal Case For more course tutorials visit www.acc410.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.

13. ACC 410Course Real Knowledge / acc410.com ACC 410 Week 4 DQ 2 Ethics Case For more course tutorials visit www.acc410.com 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 Fell for his work to date; therefore, Fell refused to allow Wilson Corporation’s management to examine his working papers. Some of the working papers consisted of adjusting journal entries and supporting analysis. Wilson Corporation’s management had no other source for this information. Did Fell violate the AICPA Code of Professional Conduct? Explain fully. Remember to complete all parts of the problems. Do not forget to show the necessary steps and ex

14. ACC 410Course Real Knowledge / acc410.com The Best way to predict the Future is to create it.....To Best way.... www.acc410.com