Phoenix Acc 491 Entire Course *contemporary Auditing I*

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Phoenix ACC 491 Entire Course *Contemporary Auditing I*

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Phoenix ACC 491 Entire Course *Contemporary Auditing I*

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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 2 Individual Assignment from the Text Chapter 1 1-23

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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 Learning Team Auditing, Attestation, and Assurance Services

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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 3 Individual Assignments from the Text Comprehensive Questions 5-30,6-22

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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

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ACC 491 Week 3 Learning Team Assesing 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:



1. Chapter 6: Comprehensive Question 6-26 – Audit Programs and Assertions

2. Chapter 7: Case 7-25 – New Client Acceptance, part b only

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ACC 491 Week 4 Individual Assignments from the Text Comprehensive Question 8-16, 10-32, 11-21

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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 4 Learning Team Assignment Apollo Shoes Case Assignment

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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.

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ACC 491 Week 5 Individual Assignments from the Text

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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.
Download Ch. 11 and 13 of Modern Auditing.


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 5 Learning Team Audit Sampling Case Memo

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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 problem Case 13-36