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ACC 491 Week 5 Team Assignment Audit Sampling Case Memo and Presentation
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Prepare a 1,400- to 1,750-word memo to the Audit Partner, John Smith, summarizing your findings from the following case:
Ch. 13: Case: Mt. Hood Furniture—PPS sampling problem Case 13-36
Also, since John Smith is primarily a visual person, he has asked for all memos to be summarized and put into a presentation.
Prepare 10-15 Microsoft® PowerPoint® slides, with speaker notes, illustrating your Audit Sampling Case Memo. Please submit your memo and presentation.
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ACC 491 Week 5 Individual Assignments From the Text
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Prepare written answers to the following assignments: Ch. 11: Learning Check 11-6 Ch. 11: Learning Check 11-8 Ch. 11: Learning Check 11-9 Ch. 13: Learning Check 13-8
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ACC 491 Week 4 Learning Team Assignment Apollo Shoes Case Assignment
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Review the Planning section, with emphasis on the Apollo Accounting and Control Procedures Manual and the Apollo Shoe Minutes. Complete the Internal Control audit section of the case.
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ACC 491 Week 4 Individual Assignments From the Text
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Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare answers to the following assignments:
1. Chapter 8: Comprehensive Questions 8-16 – Analytical procedures
2. Chapter 10: Comprehensive Questions 10-32 – Components of Internal Control
3. Chapter 11: Comprehensive Questions 11-21 – Assessing Control Risk
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ACC 491 Week 1 Individual Assignment Generally Accepted Auditing Standards Paper
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Write 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. In your paper, be sure to address the following:
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.
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ACC 491 Week 4 DQ 2
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What is the importance of defining the population when performing audit procedures? How will this affect the sample size? How will incorrectly defining the population affect the sampling unit?
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ACC 491 Week 4 DQ 1
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What are some of the different types of sampling methods that are available to the auditor? How does the auditor decide which method to use? How will the different methods affect the audit?
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ACC 491 Week 3 Team Assignment Assessing Materiality and Risk Simulation
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Resources: Assessing Materiality and Risk located on the Week Two Materials page
Complete the simulation and prepare a 350-word total (not per question) response to the following questions:
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 interrelated?
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ACC 491 Week 3 Learning Team Assignments From the Text
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Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare written answers to the following assignments
Chapter 6: Comprehensive Question 6-26 – Audit Programs and Assertions
Chapter 7: Case 7-25 – New Client Acceptance, part b only
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ACC 491 Week 3 Individual Assignments From the Text
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Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare written answers to the following assignments:
Chapter 5: Comprehensive Questions 5-30 – Assertions
Chapter 6: Comprehensive Questions 6-22 – Audit Evidence
Chapter 7: Comprehensive Questions 7-22 – Understanding the Entity and its Environment
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ACC 491 Week 3 DQ 2
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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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ACC 491 Week 3 DQ 1
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How are analytical procedures used in an audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information can an auditor use to develop expectations? Give examples.
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ACC 491 Week 2 Team Assignment Auditing, Attestation, and Assurance Services Paper
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Write a 1,050- to 1,400-word paper in which you compare and contrast auditing, attestation, and assurance services. In your paper, be sure to include 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
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ACC 491 Week 2 Individual Assignments From the Text
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Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare written answers to Chapter 1: Comprehensive Question 1-23 – Organizations associated with the public accounting profession.
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ACC 491 Week 2 DQ 2
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What are the components of the audit risk model? How does the audit risk model impact an audit plan?
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