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ACC 410 Tutorials / acc410dotcom

ACC 410 is an online course which provides you to get best results

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ACC 410 Tutorials / acc410dotcom

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  1. ACC 410 Tutorials / acc410dotcom

  2. ACC 410 Tutorials ACC 410 Entire Course ACC 410 Week 1 Assignment Generally Accepted Auditing Standards • ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs • ACC 410 Week 1 DQ 2 Audit Reports • ACC 410 Week 1 Assignment Generally Accepted Auditing Standards • ACC 410 Week 2 DQ 1 Balance Sheet Verification • Generally Accepted Auditing Standards. Complete problem below and submit to your instructor. Write under the generally accepted auditing standards column the specific standard that was violated and how the action of Jones resulted in a failure to comply with each standard.

  3. ACC 410 Tutorials ACC 410 Week 1 DQ 1 Internal vs. External Audit Staffs ACC 410 Week 1 DQ 2 Audit Reports • Internal vs. External Audit Staffs. Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also maintains an internal auditing staff. Explain briefly how the relationship of the public accounting firm to Spacecraft differs from the relationship of the internal auditing staff to Spacecraft. • 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 results of an audit, an unmodified report may be issued.

  4. ACC 410 Tutorials ACC 410 Week 2 Assignment Analytical Procedures ACC 410 Week 2 DQ 1 Balance Sheet Verification • Uden’s unaudited financial statements for the current year show a 31 percent gross profit rate. Assuming that this represents a misstatement from the amount that you developed as an expectation, calculate the estimated effect of this misstatement on net income before taxes for 20X4. • 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 of the amounts listed on the balance sheet.”

  5. ACC 410 Tutorials ACC 410 Week 2 DQ 2 Accounting Principles ACC 410 Week 3 Assignment Internal Control Case • Accounting Principles. Discuss what is meant by the phrase “shopping for accounting principles.” What mechanisms have served to prevent this practice by management? Remember to complete all parts of the problems. • 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 that you believe the circumstances represent--a control deficiency, a significant deficiency, or a material weakness.

  6. ACC 410 Tutorials ACC 410 Week 3 DQ 1 Audit Programs ACC 410 Week 3 DQ 2 Internal Control Procedures • Audit Programs. “All experienced auditors would design exactly the same audit program for a particular audit engagement.” Do you agree? Explain. Remember to complete all parts of the problems. • Internal Control Procedures. Describe what is meant by a “walk-through.” Must walk-throughs be performed during audits of internal control over financial reporting? May the client perform a walk-through and the auditors then review the client’s work?

  7. ACC 410 Tutorials ACC 410 Week 4 DQ 1 Legal Case ACC 410 Week 4 DQ 2 Ethics Case • 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. • Ethics Case. Harris Fell, CPA and member of the AICPA, was engaged to audit the financial statements of Wilson Corporation. Fell had half-completed the audit when he had a dispute with the management of Wilson Corporation and was discharged.

  8. ACC 410 Tutorials ACC 410 Week 5 Assignment Audit Report Modifications Paper ACC 410 Week 5 DQ 1 Audit Reporting • •The auditor is independent. • •The auditor previously expressed an unqualified opinion on the prior year’s financial statements. • •Only single-year (not comparative) statements are presented for the current year. • Audit Reporting. Wade Corporation has been your audit client for several years. At the beginning of the current year, the company changed its method of inventory valuation from average cost to last in, first out (LIFO). The change, which had been under consideration for some time, was in your opinion a logical and proper step for the company to take.

  9. ACC 410 Tutorials ACC 410 Week 5 DQ 2 Audit Reports ACC 410 Week 5 Final Paper Audit Plan Keystone Computers • 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 issue if they decide that the exceptions are immaterial? • Remember, the purpose of the Final Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting.

  10. ACC 410 Tutorials

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