For more course tutorials visit www.newtonhelp.com ACC 490 Week 1 Generally Accepted Auditing Standards Paper ACC 490 Week 1 – DQ 1 ACC 490 Week 1 – DQ 2

1. ACC 490 Entire Course
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ACC 490 Week 1 Generally Accepted Auditing Standards Paper
ACC 490 Week 1 – DQ 1
ACC 490 Week 1 – DQ 2
ACC 490 Week 2 Individual Ch. 1 Textbook Exercise
ACC 490 Week 2 Learning Team Auditing, Attestation, and Assurance
Services Paper
ACC 490 Week 2 – DQ 1
ACC 490 Week 2 – DQ 2
ACC 490 Week 3 Individual Ch. 5, 6, & 7 Textbook Exercises
ACC 490 Week 3 Learning TeamCh. 6 & 7 Textbook Exercises
ACC 490 week 3 Learning TeamAssessing Materiality and Risk
Simulation
ACC 490 Week 3 – DQ 1
ACC 490 Week 3 – DQ 2
ACC 490 Week 4 IndividualCh. 8, 10, & 11 Textbook Exercises
ACC 490 Week 4 Learning TeamApollo Shoes Case Assignment
ACC 490 Week 4 – DQ 1
ACC 490 Week 4 – DQ 2
ACC 490 Week 5 IndividualCh. 11 & 13 Textbook Exercises
ACC 490 Week 5 Learning TeamAudit Sampling Case Memo and
Presentation
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ACC 490 Week 1 DQ 1

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Why is public accounting often viewed as a guarantor of results, or even
as a provider of assurance that one’s investment is of high quality? To
what extent is it reasonable to view the auditor as a guarantor? Explain.
To what extent do you believe that user expectations of the public
accounting profession appear to be unwarranted? Explain.
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ACC 490 Week 1 DQ 2
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The Sarbanes-Oxley Act of 2002 has been described as the most far-
reaching legislation affecting business since the passage of the 1933
Securities Act. What are the specific portions of the legislation that
affect the external audit profession, and how do they affect the
profession? How does the legislation affect the internal audit profession?
What are some activities that are implied in the legislation, as well as
activities that will likely emerge as companies implement various
provisions of the act? Do you believe the legislation enhances the power
and prestige of the audit profession, or alternatively, does it decrease
both the power and prestige of the profession? Explain.
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3. ACC 490 Week 1 Generally Accepted Auditing Standards
Paper
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Generally Accepted Auditing Standards Paper
Prepare a 700-1,050-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:
a. Describe the elements of the Generally Accepted Auditing
Standards (GAAS).
b. Describe how these standards apply to financial, operational, and
compliance audits.
c. 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.
d. Discuss the additional requirements that are placed on auditors
from this Act, and the actions of the PCAOB
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ACC 490 Week 2 DQ 1
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Why is public accounting often viewed as a guarantor of results, or even
as a provider of assurance that one’s investment is of high quality? To
what extent is it reasonable to view the auditor as a guarantor? Explain.
To what extent do you believe that user expectations of the public
accounting profession appear to be unwarranted? Explain.
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ACC 490 Week 2 DQ 2
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The third generally accepted standard of audit fieldwork requires that
auditors obtain sufficient, competent audit evidence to afford a
reasonable basis for an opinion regarding the financial statements under
examination. In considering what constitutes sufficient, competent audit
evidence, a distinction should be made between underlying accounting
data and all corroborating information available to the auditor. What
presumptions can be made about the following?
• The relative competence of evidence obtained from external and
internal sources.
• The role of internal control with respect to internal evidence produced
by a client’s data processing system.
• The relative persuasiveness of auditor observation and recalculation
evidence compared to external, external-internal, and internal
documentary evidence.
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5. ACC 490 Week 2 Individual Ch. 1 Textbook Exercise
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Resources: Ch. 1 of Modern Auditing: Assurance Services and the
Integrity of Financial Reporting
Prepare written answers to the following assignment from Modern
Auditing: Assurance Services and the Integrity of Financial Reporting:
• Ch. 1: Comprehensive Question 1-23 – Organizations Associated with
the Public Accounting Profession
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ACC 490 Week 2 Learning Team Auditing, Attestation, and
Assurance Services Paper
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Prepare a 1,050- to 1,400-word paper in which you compare and contrast
auditing, attestation, and assurance services. In your paper, address the
following:

6. • 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 490 Week 3 DQ 1
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What are the two types of audit tests? What are some examples of each
of these two types of tests? How will the auditor use the data gathered
from these tests?
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ACC 490 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

7. 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 490 Week 3 Individual Ch. 5, 6, and 7 Textbook
Exercises
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Resources: Ch. 5, 6, & 7 of Modern Auditing: Assurance Services and
the Integrity of Financial Reporting
Prepare written answers to the following assignments from Modern
Auditing: Assurance Services and the Integrity of Financial Reporting.
• Ch. 5: Comprehensive Questions 5-30 – Assertions
• Ch. 6: Comprehensive Questions 6-22 – Audit Evidence
• Ch. 7: Comprehensive Questions 7-22 – Understanding the Entity and
its Environment
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ACC 490 Week 3 Learning Team Assessing Materiality and
Risk Simulation
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8. Resources: Assessing Materiality and Risk simulation on student
website
Complete the Assessing Materiality and Risk simulation located on the
student website.
Prepare a 350-word response to following questions after completing the
simulation:
• 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 inter-related?
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ACC 490 Week 3 Learning Team Ch. 6 and 7 Textbook
Exercises
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Resources: Ch. 6 & 7 of Modern Auditing: Assurance Services and the
Integrity of Financial Reporting
Prepare written answers to the following assignments from the text
Modern Auditing: Assurance Services and the Integrity of Financial
Reporting:
· Ch. 6: Comprehensive Question 6-26 – Audit Programs and
Assertions

9. Ch. 7: Case 7-25 – New Client Acceptance, Part b
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ACC 490 Week 4 DQ 1
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Why do auditors find it necessary to use sampling? What are the risks
associated with sampling?
How might these risks affect the audit conclusion?
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ACC 490 Week 4 DQ 2
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Why do auditors find it necessary to use sampling? What are the risks
associated with sampling?

10. How might these risks affect the audit conclusion?
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ACC 490 Week 4 Individual Ch. 8, 10, and 11 Textbook
Exercises
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Resources: Ch. 8, 10, & 11 of Modern Auditing: Assurance Services and
the Integrity of Financial Reporting
Prepare written answers to the following assignments from Modern
Auditing: Assurance Services and the Integrity of Financial Reporting:
• Ch. 8: Comprehensive Questions 8-16 – Analytical procedures
• Ch. 10: Comprehensive Questions 10-32 – Components of Internal
Control
• Ch. 11: Comprehensive Questions 11-21 – Assessing Control Risk
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ACC 490 Week 4 Learning Team Apollo Shoes Case
Assignment
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11. Resources: Apollo Shoes Case materials located on the student website
Complete the Internal Control audit section of the case using the Apollo
Shoes Case materials, available under the Assessment section of Week
Three on the student website.
Review the Planning section, with emphasis on the Apollo Accounting
and Control Procedures Manual and the Apollo Shoes Minutes, before
completing the Internal Control audit section.
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ACC 490 Week 5 Individual Ch. 11 and 13 Textbook
Exercises
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Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and
the Integrity of Financial Reporting
Prepare written answers to the following assignments from Modern
Auditing: Assurance Services and the Integrity of Financial Reporting:
• Ch. 11: Learning Checks 11-6, 11-8, & 11-9
• Ch. 13: Learning Check 13-8
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ACC 490 Week 5 Learning Team Audit Sampling Case
Memo and Presentation

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Resources: Ch. 13 of Modern Auditing: Assurance Services and the
Integrity of FinancialReporting
Prepare a 1,400- to 1,750-word memo to the Audit Partner, John Smith,
summarizing your findings from the following case found in Ch. 13 of
Modern Auditing: Assurance Services and the Integrity of Financial
Reporting:
• Case 13-36 – Mt. Hood Furniture—PPS Sampling Problem
Format your memo consistent with APA guidelines.
Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation
illustrating your Audit Sampling Case Memo.
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ACC 490 Week 1 Individual AssignmentCh 1 and Ch 4
Questions
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13. Resources:Modern Auditing: Assurance Services and the
Integrity of Financial Reporting
Prepare
· Ch. 1: Comprehensive Question 1-23
· Ch. 4: Comprehensive Question 4-23
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ACC 490 Week 1 Team Assignment Ch 1 and Ch 4 Questions
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Select classmates to be on your Learning Team.
Create the Learning Team Charter.
Review the objectives from Week One and discuss additional insights
and questions
Prepare written responses to the following assignments from the
text: Modern Auditing: Assurance Services and the Integrity of Financial
Reporting
· Ch. 1: Comprehensive Question 1-25
· Ch. 4: Case 4-26
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14. ACC 490 Week 2 Individual Assignment Ch 6, Ch 7 and Ch 9
Exercise
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· Resources:Auditing & assurance services
· MULTIPLE-CHOICE QUESTIONS
· Ch. 6: 6-24 to 6-33
· Ch. 7: 7-29 to 7-38
· Ch. 9: 9-24 to 9-33
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ACC 490 Week 2 Team Assignment Case 6-30 and Case 9-29
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15. Prepare written responses to the following assignments from the
text: Modern Auditing: Assurance Services and the Integrity of Financial
Reporting
· Ch. 6: Case 6-30
· Ch. 9: Case 9-29
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ACC 490 Week 3 Individual AssignmentCh 8, Ch 10 and Ch 10
Exercise
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· Resources:Auditing & assurance services
· MULTIPLE-CHOICE QUESTIONS
· Ch. 8: 8-23 to 8-32
· Ch. 10: 10-22 to 10-31
Ch. 11: 11-26 to 11-35
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ACC 490 Week 3 Team Assignment Assessing Materiality and
Risk Simulation

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Resources: Assessing Materiality and Risk simulation on student
website
Complete the Assessing Materiality and Risk simulation located on the
student website.
Prepare a 350-word response to following questions after completing
the simulation:
· 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 inter-related?
Resources:Modern Auditing: Assurance Services and the Integrity of
Financial Reporting
Ch.11: Case 11-31
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ACC 490 Week 4 Individual AssignmentCh 12 and Ch 13
Exercise
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· Resources:Auditing & assurance services
· MULTIPLE-CHOICE QUESTIONS
· Ch. 12: 12-29 to 12-38
Resource: Modern Auditing: Assurance Services and the Integrity
of Financial Reporting.
Ch. 13: Comprehensive Questions 13-20
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ACC 490 Week 4 Team Assignment Ch 12 Exercise
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Resources:Modern Auditing: Assurance Services and the Integrity of
Financial Reporting
· Ch. 12: Comprehensive Questions 12-30
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ACC 490 Week 5 Individual Assignment MCQ H.22 to H.31

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Resources:Auditing & Assurance Services.
Multiple-Choice Questions H.22 to H.31
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