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ACC 410 Entire Course FOR MORE CLASSES VISIT www.acc410tutor.com ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs ACC 410 Week 1 DQ 2 Audit Reports.

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Presentation on theme: "ACC 410 Entire Course FOR MORE CLASSES VISIT www.acc410tutor.com ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs ACC 410 Week 1 DQ 2 Audit Reports."— Presentation transcript:

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2 ACC 410 Entire Course FOR MORE CLASSES VISIT www.acc410tutor.com ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs ACC 410 Week 1 DQ 2 Audit Reports

3 ACC 410 Week 1 Assignment Generally Accepted Auditing Standards FOR MORE CLASSES VISIT www.acc410tutor.com Generally Accepted Auditing Standards Complete problem below and submit to your instructor. Write under the generally

4 ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs FOR MORE CLASSES VISIT www.acc410tutor.com Internal vs. External Audit Staffs Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also

5 ACC 410 Week 1 DQ 2 Audit Reports FOR MORE CLASSES VISIT www.acc410tutor.com Audit Reports. Evaluate 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

6 ACC 410 Week 2 Assignment Analytical Procedures FOR MORE CLASSES VISIT www.acc410tutor.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

7 ACC 410 Week 2 DQ 1 Balance Sheet Verification FOR MORE CLASSES VISIT www.acc410tutor.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

8 ACC 410 Week 2 DQ 2 Accounting Principles FOR MORE CLASSES VISIT www.acc410tutor.com Accounting Principles Discuss what is meant by the phrase “shopping for accounting principles.” What mechanisms have served

9 ACC 410 Week 3 Assignment Internal Control Case FOR MORE CLASSES VISIT www.acc410tutor.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

10 ACC 410 Week 3 DQ 1 Audit Programs FOR MORE CLASSES VISIT www.acc410tutor.com Audit Programs. “All experienced auditors would design exactly the same audit program for a particular audit engagement.” Do you agree? Explain. Remember

11 ACC 410 Week 3 DQ 2 Internal Control Procedures FOR MORE CLASSES VISIT www.acc410tutor.com Internal Control Procedures Describe what is meant by a “walk- through.” Must walk-throughs be performed during audits of internal control over

12 ACC 410 Week 4 DQ 1 Legal Case FOR MORE CLASSES VISIT www.acc410tutor.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

13 ACC 410 Week 4 DQ 2 Ethics Case FOR MORE CLASSES VISIT www.acc410tutor.com Ethics Case Harris Fell, CPA and member of the AICPA, was engaged to audit the financial statements of Wilson Corporation

14 ACC 410 Week 5 Assignment Audit Report Modifications Paper FOR MORE CLASSES VISIT www.acc410tutor.com Audit 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

15 ACC 410 Week 5 DQ 1 Audit Reporting FOR MORE CLASSES VISIT www.acc410tutor.com Audit Reporting Wade Corporation has been your audit client for several years. At the beginning of the current year, the company

16 ACC 410 Week 5 DQ 2 Audit Reports FOR MORE CLASSES VISIT www.acc410tutor.com Audit Reports. The auditors do not believe that certain lease obligations have been reflected in conformity with generally accepted accounting principles in the client’s financial statements. What type of opinion should the auditors

17 ACC 410 Week 5 Final Paper Audit Plan Keystone Computers FOR MORE CLASSES VISIT www.acc410tutor.com The final paper will be based on Appendix 6C Illustrative Audit Case: Keystone Computers at pages 237-244 in your text. Write, in

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