ACC 491 Academic
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ACC 491 Academic
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ACC 491 Entire Course
ACC 491 Week 1 Individual Assignment
Generally Accepted Auditing Standards
Paper (UOP Course)
ACC 491 Week 1 DQ 1 (UOP Course)
ACC 491 Week 1 DQ 2 (UOP Course)
ACC 491 Week 1 DQ 1
The American Institute of Certified
Public Accountants (AICPA) and the
Institute of Internal Auditors (IIA)
have positioned the auditing
professions to become “assurance
professions.” What is the difference
between assurance services,
attestation services, and auditing
service
ACC 491 Academic
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ACC 491 Week 1 DQ 2
he ten Generally Accepted Auditing
Standards (GAAS) provide the foundation
for all other auditing standards and
interpretations. What is the definition of
the standard of “due professional care”,
and how might a court decide whether
an audit firm met the standard? Why is
independence often considered the
cornerstone of the auditing profession?
Why were independence issues a
primary concern of Congress when they
developed the Sarbanes-Oxley Act?
ACC 491 Week 1 Individual
Assignment Generally Accepted
Auditing Standards Paper
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:
ACC 491 Academic
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ACC 491 Week 2 DQ 1
What is the purpose of engagement
planning? What critical information
should the auditor consider during
engagement planning? How will this
information affect
ACC 491 Week 2 DQ 2
What are the components of the
audit risk model? How does the audit
risk model impact an audit plan?
ACC 491 Academic
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ACC 491 week 2 Individual
Assignments From the Text
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.
ACC 491 Week 2 Team
Assignment Auditing
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:
ACC 491 Academic
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ACC 491 Week 3 DQ 1
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.
ACC 491 Week 3 DQ 2
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?
ACC 491 Academic
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ACC 491 week 3 Individual
Assignments From the Text
Resource: Modern Auditing: Assurance
Services and the Integrity of Financial
Reporting
Prepare written answers to the following
assignments:
1.
Chapter 5: Comprehensive
Questions 5-30 – Assertions
2.
Chapter 6: Comprehensive
Questions 6-22 – Audit Evidence
ACC 491 Week 3 Team
Assignment Assessing
Materiality and Risk Simulation
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?
ACC 491 Academic
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ACC 491 week 3 Team
Assignments From the Text
Resource:Modern Auditing: Assurance
Services and the Integrity of Financial
Reporting
Prepare written answers to the following
assignments:
ACC 491 Week 4 DQ 1
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?
ACC 491 Academic
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ACC 491 Week 4 DQ 2
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?
ACC 491 week 4 Individual
Assignments From the Text
Resource:Modern Auditing:
Assurance Services and the Integrity
of Financial Reporting
Prepare answers to the following
assignments:
ACC 491 Academic
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ACC 491 Week 4 Team
Assignment Apollo Shoes Case
Assignment
Resources: Apollo Shoes Case Materials
located on the Week Three Materials
page
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.
ACC 491 week 5 Individual
Assignments From the Text
Resource:Modern Auditing:
Assurance Services and the Integrity
of Financial Reporting
Download the Adobe® Reader®
version of Ch. 11 and 13 to complete
this assignment.
Click on the link for Ch. 11 of
Modern Auditing on the course
website.
Click Download eBook on the
left-hand side of the page.
ACC 491 Academic
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ACC 491 Week 5 Team
Assignment Audit Sampling Case
Memo
Resource: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:
Ch. 13: Case: Mt. Hood Furniture—
PPS sampling problemCase 13-36
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