ACC 490 UOP Course Tutorial,ACC 490 UOP Tutorial,ACC 490 UOP Homework Help

Question 1

ACC 490 Week 5 Individual Assignment Ch11 and 13 Textbook Exercises
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Answer 1

Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

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
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Question 2

ACC 490 Week 5 Learning Team Audit Sampling Case Memo, Audit Sampling Case Calculations and Presentation
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Answer 2

Resources: Ch. 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

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

Format your memo consistent with APA guidelines.

Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation illustrating your Audit Sampling Case Memo.

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Question 3

ACC 490 Week 4 Learning Team Apollo Shoes Case Assignment
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Answer 3

Complete the Internal Control audit section of the case using the Apollo Shoes Case materials, available under the Assessment section of Week Three on the student website.

Review the Planning section, with emphasis on the Apollo Accounting and Control Procedures Manual and the Apollo Shoes Minutes, before completing the Internal Control audit section.

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Question 4

ACC 490 Week 4 DQ 2
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Answer 4

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?

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Question 5

ACC 490 Week 4 DQ 1
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Answer 5

Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

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Question 6

ACC 490 Week 3 Learning Team Assignment Ch 6, 7 Textbook Exercises
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Answer 6

Resources: Ch. 6 & 7 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare written answers to the following assignments from the text Modern Auditing: Assurance Services and the Integrity of Financial Reporting:

Ch. 6: Comprehensive Question 6-26 – Audit Programs and Assertions
Ch. 7: Case 7-25 – New Client Acceptance, Part b
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Question 7

ACC 490 Week 3 Learning Team Assessing Materiality and Risk Simulation
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Answer 7

Complete the Assessing Materiality and Risk simulation

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?

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Question 8

ACC 490 Week 3 Individual Assignment Ch 5, 6 and 7 Comprehensive Questions
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Answer 8

Chapter 5: Comprehensive Questions 5-30 – Assertions

1. Assertion: Presentation and Disclosure.
2. Assertion: Completeness.
3. Assertion: Rights and Obligations.
4. Assertion: Presentation and Disclosure.
5. Assertion: Rights and Obligations.
6. Assertion: Completeness.
7. Assertion: Valuation.
8. Assertion: Valuation.
9. Assertion: Presentation and Disclosure.
10. Assertion: Valuation.
11. Assertion: Rights and Obligations.

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Question 9

ACC 490 Week 3 DQ 2
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Answer 9

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?

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Question 10

ACC 490 Week 3 DQ 1
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Answer 10

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?

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Question 11

ACC 490 Week 2 Learning Team Assignment Auditing, Attestation, and Assurance Services Paper
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Answer 11

Prepare a 1,050- to 1,400-word paper in which you compare and contrast auditing, attestation, and assurance services. In your paper, address the following:

An example of each type of service

Who might request such a service?

What standards apply to each service and who establishes those standards?

Format your paper consistent with APA guidelines.

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Question 12

ACC 490 Week 2 Individual Assignment Ch. 1 Textbook Exercise
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Answer 12

Resources: Ch. 1 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

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

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Question 13

ACC 490 Week 2 DQ 2
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Answer 13

The third generally accepted standard of audit fieldwork requires that auditors obtain sufficient, competent audit evidence to afford a reasonable basis for an opinion regarding the financial statements under examination. In considering what constitutes sufficient, competent audit evidence, a distinction should be made between underlying accounting data and all corroborating information available to the auditor. 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.

The relative persuasiveness of auditor observation and recalculation evidence compared to external, external-internal, and internal documentary evidence.

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Question 14

ACC 490 Week 2 DQ 1
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Answer 14

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.

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Question 15

ACC 490 Week 1 Individual Assignment Generally Accepted Auditing Standards Paper
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Answer 15

Prepare a 700- to 1,050-word paper in which you explain the nature and functions of auditing.

Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.

Address the following in your paper:

Describe the elements of the Generally Accepted Auditing Standards (GAAS).

Describe how these standards apply to financial, operational, and compliance audits.

Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

Discuss the additional requirements that are placed on auditors from this act and the actions of the PCAOB.

Format your paper consistent with APA guidelines.

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Question 16

ACC 490 Week 1 DQ 2
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Answer 16

The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. What are the specific portions of the legislation that affect the external audit profession, and how do they affect the profession? 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.

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Question 17

ACC 490 Week 1 DQ 1
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Answer 17

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.

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Question 18

ACC 490 Complete Course
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Answer 18

ACC 490 Week 1 DQ 1

ACC 490 Week 1 DQ 2

ACC 490 Week 1 Individual Assignment Generally Accepted Auditing Standards Paper

ACC 490 Week 2 DQ 1

ACC 490 Week 2 DQ 2

ACC 490 Week 2 Individual Assignment Ch. 1 Textbook Exercise

ACC 490 Week 2 Learning Team Assignment Auditing, Attestation, and Assurance Services Paper

ACC 490 Week 3 DQ 1

ACC 490 Week 3 DQ 2

ACC 490 Week 3 Individual Assignment Ch 5, 6 and 7 Comprehensive Questions

ACC 490 Week 3 Learning Team Assessing Materiality and Risk Simulation

ACC 490 Week 3 Learning Team Assignment Ch 6, 7 Textbook Exercises

ACC 490 Week 4 DQ 1

ACC 490 Week 4 DQ 2

ACC 490 Week 4 Learning Team Apollo Shoes Case Assignment

ACC 490 Week 5 Team Assignment Audit Sampling Case Calculations

ACC 490 Week 5 Team Assignment Audit Sampling Case Memo

ACC 490 Week 5 Learning Team Audit Sampling Case Memo and Presentation

ACC 490 Week 5 Individual Assignment Ch11 13 Textbook Exercises

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