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1. Strayer-University ACC 403 Assignment
Get help for Strayer-University ACC 403. We provide assignment, homework, discussions and case
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ACC 403 WEEK 3 DISCUSSION
"Audit Risks" Please respond to the following:
From the e-Activity, analyze whether or not investors who were misled by relying on financial
statements could hold the audit firm liable for audit failure either by common or securities laws.
Provide a rationale for your response.
According to an article in the CPA Journal, the accounting profession has long contended that an
audit conducted in accordance with generally accepted auditing standards (GAAS) provides
reasonable assurance that there are no material misstatements contained within financial
statements. Suggest at least two (2) alternative methods that auditors can use to provide a more
concrete level of assurance to investors. Provide support for your responses with examples of such
methods in use.
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Risks-Please-respond-to-t-20246
ACC 403 WEEK 4 DISCUSSION
"Evidence Collection Procedures" Please respond to the following:
According to an article in the CPA Journal, the auditor considers reliability of audit evidence
collected and the reliability of that evidence to reduce the risk of financial statements containing
undetected material errors. Compare and contrast at least two (2) types of evidence, and make a
recommendation as to which you believe is the most reliable in reducing risk. Support your position.

2. From the e-Activity, analyze the primary ways in which auditors would use the information from
downgrades to assess business risk or evaluate the likelihood that the downgrades would impact the
auditor's assessment of the client's business environment. Ascertain the major ways in which this
information would impact the audit risk model equation. Support your position.
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Collection-Procedures-20251
ACC 403 Week 4 Homework
Chapter 7: Problems 7-29(a-g) and 7-33(a-b)
Chapter 8: Problems 8-29(a-d) and 8-32(a-b)
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Problems-7-29-a-g-and-7-20254
ACC 403 Week 2 Homework
Chapter 3: Problems 3-25(a-c), 3-28(a-c), and 3-31
Chapter 4: Problems 4-20(a-f), 4-23(a-d), and 4-26(a-d)
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Problems-3-25-a-c-3-28-20256
ACC 403 Week 6 Homework

3. Chapter10: Problems10-34(a-b),10-36(a-c),and 10-38(a-d)
Chapter11: Problems11-24(a-d),11-27(a-c),and 11-30(a-c)
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Problems-10-34-a-b-10-20257
ACC 403 Week 7 Homework
Chapter12: Problems12-18(a-d),12-20(a-d),and12-24(a-b)
Chapter13: Problems13-23(a-d),13-24(a-b),and13-27(a-c)
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Problems-12-18-a-d-12-20259
ACC 403 Week 8 Homework
Chapter14: Problems14-23(a-c) and 14-26(a-c)
Chapter15: Problems15-24(a-c) and 15-28(a-f)
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Problems-14-23-a-c-a-20261

4. ACC 403 Week 1 Discussion
"Auditor'sRole andResponsibilities"Please respondtothe following:
• Compare the primaryauditorobjectivesinauditinghistorical financial statementstoauditing
internal controlsoverfinancialreporting.Identifyatleasttwo(2) objectivesthatare the mostsignificant
inreducingthe riskof reportingerrorsor misstatementsinfinancial statements.Provide arationale for
your response.
• Create a scenariowhere itwouldbe acceptable foranexternal auditortoacceptan audit
engagementwithouthavingknowledgeof aclient'sbusinessenvironment.Ascertainthe keylegal
ramificationsandriskmitigationstrategiesassociatedwithanauditorperformingthe audit.Support
your position.
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and-Responsibilit-22969
ACC 403 Week 2 Discussion
"AuditorAccountability"Pleaserespondtothe following:
• From the e-Activity,discussthe departuresfromgenerallyacceptedaccountingprinciples
(GAAP) thatyouhave researched,andgive youropinionastowhetherornot the PublicCompany
AccountingOversightBoard(PCAOB) shouldlevysanctionsagainstthe CPA firmforissuingthe
unqualifiedreport.Identifythe sanctionsandsectionof the reportthe companyshouldhave modified
to addressdeparturesfromGAAP.Supportyourposition.
• Compare the code of professional conductforCPAstothe code of professional conductfor
accountantswhoare non-CPAs.Determine the majorethical issuescreatedbythe mergersof public
accountingfirmswithnon-CPA firmsthatperformaccountingservices.Explainyourrationale.
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Accountability-Please-r-22972

5. ACC 403 Week 3 Discussion
"AuditRisks"Please respondtothe following:
• From the e-Activity,analyzewhetherornotinvestorswhowere misledbyrelyingonfinancial
statementscouldholdthe auditfirmliableforauditfailure eitherbycommonor securitieslaws.Provide
a rationale foryourresponse.
• Accordingto an article inthe CPA Journal,the accountingprofessionhaslongcontendedthatan
auditconductedinaccordance withgenerallyacceptedauditingstandards(GAAS)providesreasonable
assurance that there are no material misstatementscontainedwithinfinancial statements.Suggestat
leasttwo(2) alternative methodsthatauditorscanuse to provide amore concrete level of assurance to
investors.Provide supportforyourresponseswith examplesof suchmethodsinuse.
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Please-respond-to-t-22974
ACC 403 Week 4 Discussion
"Evidence CollectionProcedures"Please respondtothe following:
• Accordingto an article inthe CPA Journal,the auditorconsidersreliabilityof auditevidence
collectedandthe reliabilityof thatevidence toreduce the riskof financial statementscontaining
undetectedmaterialerrors.Compare andcontrastat leasttwo(2) typesof evidence,andmake a
recommendationastowhichyoubelieveisthe mostreliableinreducingrisk.Supportyourposition.
• From the e-Activity,analyzethe primarywaysinwhichauditorswoulduse the informationfrom
downgradestoassessbusinessriskorevaluate the likelihoodthatthe downgradeswouldimpactthe
auditor'sassessmentof the client'sbusinessenvironment.Ascertainthe majorwaysinwhichthis
informationwouldimpactthe auditriskmodel equation.Supportyourposition.

6. http://www.justquestionanswer.com/viewanswer_detail/ACC-403-Week-4-Discussion-Evidence-
Collection-Procedures-22977
Week 4 Assignment 1 Submission
Clickthe linkabove tosubmityourassignment.
Students,pleaseview the "SubmitaClickable RubricAssignment"inthe StudentCenter.
Instructors,trainingonhowto grade is withinthe InstructorCenter.
Assignment1:AuditorsandRegulatoryOversight
The SecuritiesandExchange Commission(SEC) regulatespubliccompanies.The SEChasfoundthat
some of these companieshave violatedGAAPbyusingcreative accountingpracticestomislead
investorsandcreditorsregardingthe healthof theircompany.
Use the InternetorStrayerLibrary to researcha recentaccountingscandal withinthe lastfive (5) years
where the SEC accusedpubliccompaniesof accountingirregularities.
Write a three to four(3-4) page paperin whichyou:
1. Analyze the auditreportthatthe CPA firmissued.Ascertainthe legal liabilitytothirdparties
whoreliedonfinancial statements underbothcommonandfederal securitieslaws.Justifyyour
response.
2. Speculate onwhichstatementof generallyacceptable auditingstandards(GAAS) thatthe
companyviolatedinperformingthe audit.
3. Compare the responsibilityof bothmanagementand the auditorforfinancial reporting,and
give youropinionasto whichpartyshouldhave the greaterburden.Defendyourposition.
4. Analyze the sanctionsavailable underSOX,andrecommendthe keyaction(s) thatthe PCAOB
shouldtake inorderto holdmanagementorthe auditfirmaccountable forthe accountingirregularities.
Provide arationale foryourresponse.

7. 5. Use at leasttwo(2) qualityacademicresourcesinthisassignment.Note:Wikipediaandother
Websitesdonotqualifyasacademicresources.
Your assignmentmustfollowthese formattingrequirements:
• Be typed,double spaced,usingTimesNewRomanfont(size 12),withone-inchmarginsonall
sides;citationsandreferencesmustfollow APA orschool-specificformat.Checkwithyourprofessor for
any additional instructions.
• Include acover page containingthe title of the assignment,the student’sname,the professor’s
name,the course title,andthe date.The cover page and the reference page are notincludedinthe
requiredassignmentpage length.
The specificcourse learningoutcomesassociatedwiththisassignmentare:
• Analyze the requiredgenerallyacceptedauditingstandards,professionalethics,andlegal
liabilityof the auditor.
• Assesshowthe Sarbanes-OxleyActhasaffectedauditing.
• Evaluate an auditreport.
• Evaluate objectivesforconductingaudits,andcompare management’sandauditors’
responsibilities.
• Use technologyandinformationresourcestoresearchissuesinauditing.
• Write clearlyandconciselyaboutauditing usingproperwritingmechanics.
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link-above-to-subm-22979
ACC 403 Week 5 Discussion
"MinimizingAuditRisk"Pleaserespondtothe following:
• Accordingto the text,auditorshave tomake judgmentsconcerningmaterialityoneveryaudit.
Since the auditingstandardsgive noformal guidance forhow todetermine materiality,auditorsmust

8. relyon theirownexperience.Determineatleastthree (3) qualitativefactorsthataffectthe auditor's
judgment.Providearationale foryourresponse.
• Accordingto the text,auditorsrelyonthe auditriskformulato determinethe typesandamount
of auditevidencetocollectinordertokeepthe overall audit riskof engagementstoa minimumor
belowdefinedtolerable limits.Suggestanalternative tothe auditriskequationinordertomitigate
auditrisk.Supportyourrationale withexamplesof the successfuluse of the alternative strategy.
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Audit-Risk-Please-re-22981
ACC 403 Week 9 Discussion
Accordingto the text,tominimize the riskof material misstatement,auditorsseekthird- party
verificationof accountbalancesbymailingcustomerstheirstatements.Discussthe advantagesof
positive andnegativeconfirmations,andascertainwhetherornotemail andoral confirmationsare
acceptable toincrease customerresponse rates.Supportyourposition.Discussthe difference between
substantive testof transactionsandsubstantivetestof balances,andidentifyatleast two(2) situations
whenan auditorshouldtestaccountbalances.Supportyourrationale withrelatedexamplesof such
circumstances.
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the-text-to-minimi-30705