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2. ACC 492 Week 1 DQ 1 ACC 492 COURSE TUTORIAL ACC 492 Week 1 DQ 2 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? What assertions are made about classes of transactions and events in the revenue and collection cycle? 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? What analytical procedures might be informative regarding the existence assertion?

3. ACC 492 Week 2 DQ 2 ACC 492 COURSE TUTORIAL ACC 492 Week 2 Individual Assignment Assignments From the Text  Resource: Modern Auditing Prepare written answers to the following assignments: ·         Ch. 16-33: Comprehensive Question Control Activities in Payroll Processing Ch. 16-35: Comprehensive Question Potential Misstatements/Tests of Controls – Payroll 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? How might the auditor effectively use analytical procedures in the audit of various expense accounts, such as miscellaneous expenses? Provide an example of how analytical procedures might be used in the audit of such accounts

4. ACC 492 Week 2 Learning Team Assignment Apollo Shoe Case Assignment ACC 492 COURSE TUTORIAL ACC 492 Week 3 DQ 1 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 Resource: Apollo Shoe Case link in Week Two on the Materials page Complete the following audit sections: See the Course Materials folder for Clarification ·         Revenue and Expenses o   Before completing this section, review the material in the Planning section with emphasis on the Trial balances and Apollo Shoes Minutes; and the Accounts Receivable section with emphasis on the Audit of Accounts Receivable – confirmations.

5. ACC 492 Week 3 DQ 2 ACC 492 COURSE TUTORIAL ACC 492 Week 3 Individual Assignment Assignments From the Text What are the key management assertions related to equity? What are the most important assertions related equity? How will auditors test these assertions? Resource: Modern Auditing Prepare written answers to the following assignments ·         Ch. 16-26: Comprehensive Question Evaluation of Internal Controls – Raw Materials and Supplies Inventory Ch. 16-29: Comprehensive Question Computer-Assisted Substantive Tests for Inventory

6. ACC 492 Week 3 Learning Team Assignment Apollo Shoe Case Assignment ACC 492 COURSE TUTORIAL ACC 492 Week 4 DQ 1 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? Learning Check 18-2  Learning Check 18-15  Comprehensive Question 18-25 (controls and substantive tests for investment transactions)

7. ACC 492 Week 4 DQ 2 ACC 492 COURSE TUTORIAL ACC 492 Week 4 Individual Assignment Assignments From the Text Resource: Modern Auditing Prepare answers to the following assignments: ·         Ch. 17-22: Comprehensive Question Internal Controls for Plant Assets Ch. 17-26: Comprehensive Question Substantive Tests and Disclosures for Long-Term Debt 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?

8. ACC 492 Week 4 Learning Team Assignment Apollo Shoe Case Assignment ACC 492 COURSE TUTORIAL ACC 492 Week 4 Learning Team Assignment Assignments From the Text Resource: Modern Auditing Prepare written answers to the following assignments: ·         Ch. 17-27: Comprehensive Question Substantive Tests for Stockholders’ Equity Balances Ch. 18-31: Comprehensive Question Substantive Tests for Cash Balances Resource: Apollo Shoes Case Materials located on the Week Four student website Complete the following audit sections: See the Course Materials folder for Clarification ·         Prepaids and Other Assets o   Before completing this section, review the Planning section and the Cash section with emphasis on the Apollo Shoes Bank Rec. ·         Fixed Assets

9. ACC 492 Week 5 Individual Assignment Assignments From the Text ACC 492 COURSE TUTORIAL ACC 492 Week 5 Individual Assignment Issuing Audit Reports Simulation Resources: Issuing Audit Reports simulation located on the Week Five Materials page Complete the simulation. Prepare a 500-word response to the following questions: ·         What are the different types of audit reports and when should each be used? ·         In what types of situations would an auditor be allowed to issue an unqualified audit report? To what extent is the auditor liable for misstatements in the financial statements of the audited company? Prepare written answers to the following assignments: Ch. 19-23: Comprehensive Question Subsequent Events

10. ACC 492 Week 5 Learning Team Assignment Case Study Assignment and Presentation ACC 492 COURSE TUTORIAL Resource: Case 4.1: Enron Corporation and Andersen, LLP: Analyzing the Fall of Two Giants in Auditing Cases Complete the questions at the end of the case. Prepare a 500-650 word response to the following questions: ·         What are the principles of the AICPA Code of Professional Conduct? ·         What part(s) of the AICPA Code of Conduct was violated by Andersen? By any Enron employee who was a CPA?

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