This document lists assignments for an ACC 546 accounting course. It includes individual assignments analyzing cases and companies like Lehman Brothers, Apple, Enron, and Andersen. The assignments require researching auditing standards, evaluating client business risk, detecting fraudulent activities, applying revenue recognition guidance, and addressing auditor independence and integrity issues. Details of specific assignments include developing expectations for ticket revenue analysis, assessing business risks, identifying conditions for financial statement fraud, and discussing recommendations for an anonymous caller reporting aggressive accounting.
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
Â
ACC 546 Education for Service--acc546.com
1. ACC 546 All Assignments
For more course tutorials visit
www.acc546.com
Please check All Included Assignments Below ACC 546 Individual
Assignment Evaluating the Case Against Lehman Brothers ACC 546
Case 3.3 The Anonymous Caller ACC 546 Assignment Burlington Bees
ACC 546 Week 1 Assignment Avoiding Bias Paper ACC 546 Individual
Assignment 1.1 Ocean Manufacturing, Inc ACC 546 Laramie Wire
Manufacturing Assignment ACC 546 Individual Assignment Case 5.6
Sarbox Scooter, Inc. ACC 546 Individual Assignment Case 5.3 Red
Bluff Inn & Cafe ACC 546 Case 4.1 Enron Corporation & Andersen,
LLP ACC 546 Case 7.1 Anne Aylor, Inc ACC 546 Case 5.1 Simply
Steam, Co. ACC 546 Case 2.2 Apple Inc. ACC 546 Case 10.4 and 10.5
Southeast Shoe Distributor, Inc (Score 100%) ACC 546 Case 9.7
RedPack Beer Company ACC 546 CASE 9.1 Wallyâs Billboard & Sign
Supply ACC 546 Case 9.3 Longeta Corporation ACC 546 Case 9.4
Bud's Big Blue Manufacturing ACC 546 Case 11.1 The Runners Shop
ACC 546 Case 12.2 Auto Parts. Inc ACC 546 Case 12.4 Surfer Dude
Duds, Inc ACC 546 Case 12.1 EyeMax Corporation
==============================================
ACC 546 Assignment Burlington Bees
2. For more course tutorials visit
www.acc546.com
[1] Research auditing professional standards and list the requirements
related to developing an expectation and conducting analytical
procedures when those procedures are intended to provide substantive
evidence. What are the advantages of developing an expectation at a
detailed level (i.e., using disaggregated data) rather than at an overall or
aggregated level? [2] Using the information provided, please develop a
precise expectation (i.e., using the detailed or disaggregated data
provided) for ticket revenues for the 2014 fiscal year. [3] (A) what are
the advantages of using analytical procedures as substantive tests? (b) If
the engagement team decides to use analytical procedures for the Beesâ
audit, how will the audit plan differ from prior years? (c) Discuss
whether you believe analytical procedures should be used as substantive
tests for the Bees 2014 audit? [4] (A) how close does the Beesâ reported
ticket revenue for 2014 have to be to your expectation for you to
consider reported ticket revenue reasonable or fairly stated? (b) If
reported ticket revenues were outside your âreasonableness range,â what
could explain the difference?
==============================================
ACC 546 Case 2.2 Apple Inc.
For more course tutorials visit
3. www.acc546.com
CASE 2.2 Apple Inc. Evaluation of Client Business Risk After
completing and discussing this case you should be able to [1] Describe
the implications of an audit clientâs business risk on the audit
engagement [2] Describe the types of information relevant to evaluate an
audit clientâs business risk [3] Identify and evaluate the factors
important in assessing an audit clientâs business risk and risk of material
financial misstatement INTRODUCTION1 [a] Appleâs: â Sales â Net
income â Cash flow from operating activities â Total assets â Number
of employees [b] What are Appleâs products? [c] Who are Appleâs
competitors? [d] Who are Appleâs customers? [e] Who are Appleâs
suppliers? [f] How does Apple market and distribute its products? [g]
What is Appleâs basic business strategy (cost leadership or
differentiation)? [h] What are critical business processes for Apple given
its basic business strategy (for example, supply chain management)? [i]
What accounting information is associated with the critical business
processes and how does Apple measure up on that information? [j] What
accounting methods does Apple use to report the accounting information
associated with critical business processes and what is the risk of
material misstatement? This memo is to be used as a foundation
document for the preliminary business risk assessment. In evaluating
Appleâs performance and assessing the risk of misstatement, please be
sure to describe your reasoning. Your memo should be double-spaced
and addressed to the partner for the engagement (your instructor). Your
firm demands polished, concise, professional analyses and writing. Be
thorough, but get to the issues without unnecessary verbiage. In
describing your analyses and conclusions, please consider relatively
short âpunchyâ or to-the-point sentences. When appropriate, consider
using bullet point listings. [2] Professional auditing standards provide
4. guidance on the auditorâs consideration of an entityâs business risks.
What is the auditorâs objective for understanding an entityâs business
risks? Why does an auditor not have responsibility to identify or assess
all business risks? Provide some examples of business risks associated
with an entity that an auditor should consider when performing an audit.
Smith and Jones, PA. Memorandum: Business Risk Evaluation
==============================================
ACC 546 Case 3.3 The Anonymous Caller
For more course tutorials visit
www.acc546.com
Case 3.3 The Anonymous Caller, p. 63-65 [1] Do you think situations
like this (i.e., aggressive accounting or even financial statement fraud)
are common in practice? [2] Which financial statement assertion related
to sales transactions did management violate when it issued the falsified
financial statements? [3] The Financial Accounting Standards Board
(FASB) and the International Accounting Standards Board (IASB)
recently completed a joint project to develop a common revenue
standard for U.S. GAAP and IFRS to improve revenue recognition
practices and to remove inconsistencies and weaknesses in revenue
requirements. The updated guidance is contained in the Accounting
Standards Codification as Topic 606, Revenue from Contracts with
Customers. Review that guidance to summarize the core principle for
recognizing revenue and briefly describe the five steps needed to
5. achieve the core principle. Also, describe how the core principle was not
achieved in this situation. [4] What types of audit procedures could an
external auditor perform that might help the auditor detect this
fraudulent activity? [5] People who study instances of financial
statement fraud often note that three conditions are generally present for
fraud to occur. First, the person perpetrating the fraud has an incentive
or pressure to engage in fraud. Second, there is an opportunity for that
person to carry out the fraud. Third, the personâs attitude or ethical
values allows the perpetrator to rationalize the unethical behavior.
Describe examples of incentive, opportunity, and attitude conditions that
were present in this situation. [6] In 2014, the AICPAâs Professional
Ethics Executive Committee adopted a revised Code of Professional
Conduct that is effective December 15, 2014. Briefly describe how the
new Code is structured and indicate where would you find guidance
about the importance of integrity. [7] (a) What would you recommend to
the caller if you were Dr. Mitchell? (b) What are the risks of continuing
to work with the company? (c) What are the risks of resigning
immediately? [8] What responsibility, if any, does the caller have to
report this situation directly to the bank involved? Before you respond,
think about the risks present if the caller does inform the bank and it
later turns out that the callerâs assessment of the situation was
inaccurate, i.e., there was no fraud. [9] (a) What other parties, if any,
should be notified in addition to the bank? (b) What concerns do you
have about notifying the external auditors? [10] (a) What pressures or
factors will executives use to encourage accounting managers and staff
to go along with this type of situation? (b) What arguments can you use
to resist those pressures? (c) How does one determine whether a
company is aggressively reporting, but still in the guidelines of GAAP,
versus fraudulently reporting financial information? PROFESSIONAL
JUDGMENT QUESTIONS It is recommended that you read the
6. Professional Judgment Introduction found at the beginning of the book
prior to responding to the following questions.
==============================================
ACC 546 Case 4.1 Enron Corporation & Andersen,
LLP
For more course tutorials visit
www.acc546.com
1)What were the business risks Enron faced, and how did those risks
increase the likelihood of material misstatement in Enronâs financial
statements? 2) In your own words, summarize how Enron used SPEâs to
hide large amounts of company debt (a) What are the responsibilities of
a companyâs board of directors? (b) Could the board of directors at
Enron-especially the audit committee-have prevented the fall of Enron?
(c) Should they have known about the risks and apparent lack of
independence with the Enronâs SPEs? What should they have done
about it? (a) Explain how ârule-basedâ accounting standards differ from
âprinciple-basedâ standards. (b) How might fundamentally changing
accounting standards from âbright-lineâ rules to principle-based
standards help prevent another Enron-like fiasco in the future? (c) Some
argue that the trend toward adoption of international accounting
standards represents a move toward more âprinciple-basedâ standards.
Are there dangers in removing âbright-lineâ rule? What difficulties
might be associated with such a change? (a) What are the auditor
7. independence issues surrounding the provision of external auditing
services, internal auditing services, and management consulting services
for the same client? (b) Develop arguments for why auditors should be
allowed to perform these services for the same client. (c) Develop
separate arguments for why auditors should not be allowed to perform
non-audit services for their audit clients. What is your view, and why?
(a) A perceived lack of integrity caused irreparable damage to both
Andersen and Enron. How can you apply the principles learned in this
case personally? (b) Generate an example of how involvement in
unethical or illegal activities, or even the appearance of such
involvement, might affect your career. (c) What are the possible
consequences when others question your integrity? What can you do to
preserve your reputation throughout your career? 7) Enron and Andersen
suffered severe consequences because of their perceived lack of integrity
and damaged reputations. In fact, some people believe the fall of Enron
occurred because of a form of ârun on the bank.â Some argue that
Andersen experienced a similar ârun on the bankâ as many top clients
quickly dropped the firm in the wake of Enronâs collapse. Is the ârun on
the bankâ analogy valid for both firms? Why or why not? 8. Why do
audit partners struggle with making tough accounting decisions that may
be contrary to their clientâs position on an issue? What changes should
the profession make to eliminate these obstacles? 9. What has been
done, and what more do you believe should be done to restore the public
trust in the auditing profession and in the nationâs financial reporting
system?
==============================================
ACC 546 Case 5.1 Simply Steam, Co.
8. For more course tutorials visit
www.acc546.com
Commitment to Integrity and Ethical Values Board of Directors
Demonstrates Independence and Appropriate Oversight Managementâs
Philosophy and Operating Style Management Establishes Structure and
Reporting Lines to Achieve Objectives Financial Reporting
Competencies The Organization Holds Individuals Accountable to Their
Internal Control Responsibility Evaluation of Simply Steam, Co. as to
demonstrating a commitment to attract, develop, and retain competent
individuals Overall evaluation of the Control Environment
==============================================
ACC 546 Case 7.1 Anne Aylor, Inc
For more course tutorials visit
www.acc546.com
ACC 546 Case 7.1 Anne Aylor, Inc. [a] Why are different materiality
bases considered when determining planning materiality? [b] Why are
different materiality thresholds relevant for different audit engagements?
[c] Why is the materiality base that results in the smallest threshold
generally used for planning purposes? D. Why is the risk of management
fraud considered when determining performance materiality? E. Why
9. might an auditor not use the same performance materiality amount or
percentage of account balance for all financial statement accounts? F)
Why does the combined total of individual account performance
materiality commonly exceed the estimate of planning materiality? G)
Why might certain trial balance amounts be projected when considering
planning materiality? [2] Based on your review of the Exhibits (1 and 2)
and audit memos (G-3 and G-4), complete audit schedules G-5, G-6 and
G-7.
==============================================
ACC 546 CASE 9.1 Wallyâs Billboard & Sign Supply
For more course tutorials visit
www.acc546.com
CASE 9.1 Wallyâs Billboard & Sign Supply After completing the audit
program, answer the following questions: [1] Why is the audit of cash an
important part of the audit? [2] Bill performed tests of controls for all
transaction cycles with good results. Why is it important to also perform
substantive audit procedures for the ending cash balance even when tests
of controls over transactions that affect the cash account indicate that
those controls are operating effectively? [3] According to AICPA
auditing standards, what are the necessary ingredients for audit evidence
to be considered âappropriateâ? [4] For each procedure listed in the audit
program (schedule C 2), indicate the primary assertion(s) targeted by the
procedure. [5] For each error, concern, or adjustment you listed on the
10. Audit Summary (schedule C 3), briefly describe at least one additional
test you could perform to gain evidence as to whether or not the cash
account is materially misstated. [6] The AICPA and the American
Bankerâs Association developed a standardized bank confirmation
formâsee working paper C 6. What is the purpose for confirming
information in item number two on the bank confirmation form? Identify
the accounts and related audit assertion(s) to which the information in
item number two is relevant. [7] What audit procedures might you
perform if you were to decide that the risk of fraud involving the cash
account was relatively high for this client? [8] Perform an online search
for âelectronic bank confirmations.â Summarize in one page or less what
you learn about recent developments in the use of web-based bank
confirmations. Include a brief discussion of the advantages of electronic
confirmations in your write-up.
==============================================
ACC 546 Case 9.3 Longeta Corporation
For more course tutorials visit
www.acc546.com
Case 9.3 Longeta Corporation overs auditing revenue contracts. You
want to be thoroughly prepared for the meeting with the audit manager.
Perform the following procedures to be certain you have all necessary
information about the transactionâs treatment. [1] The Financial
Accounting Standards Board (FASB) and the International Accounting
11. Standards Board (IASB) recently completed a joint project to develop a
common revenue standard for U.S. GAAP and IFRS to improve revenue
recognition practices and to remove inconsistencies and weaknesses in
revenue requirements. The updated guidance is contained in the
Accounting Standards Codification as Topic 606, âRevenue from
Contracts with Customers.â Review that guidance to summarize the core
principle for recognizing revenue and briefly describe the five steps
needed to achieve the core principle. Also, describe how the core
principle was not achieved in this situation. [2] In your own words,
explain the companyâs reasoning for recording $5.8 million as current
revenue while recording the remaining $1.2 million as deferred revenue.
Also, document where on the financial statements the deferred revenue
account would be presented. [3] Assess the content of the separate letter
issued by Longetaâs vice president of sales to Magicon. Document your
conclusion about how the content of the letter affects or does not affect
revenue recognition for Longeta for the year ended September 30, 2015.
[4] Given that the letter from the vice president of sales was not attached
to or documented in the order letter submitted by Magicon to Longeta,
document your conclusion as to the impact, if any, the vice presidentâs
letter has on the accounting treatment for the transaction since it was not
part of the order letter. [5] Research PCAOB Auditing Standards on the
PCAOBâs website (www.pcaob.org) to summarize the guidance for
auditors in regards to their assessment of the risk of material
misstatement related to revenue recognition. What do those standards
require of auditors in regards to their assessment of risk related to
revenue recognition? [6] Auditing standards describe three conditions
that are usually found to be present. What are those three conditions and
what red flags, if any, might be present at Longeta? [7] The separate
letter from the vice president of sales was emailed and faxed to Magicon
representatives. What would be the impact if Longetaâs vice president
12. had only provided that information orally to Magicon representatives
and not forwarded the information in written form? [8] As of September
30, 2015, Magicon had only submitted the order letter. Document your
conclusion about the impact on the accounting for the transaction if
Longeta and Magicon (a) sign the reseller agreement within 30 days or
(b) do not sign the reseller agreement within 30 days. [9] Document your
final conclusion about the accounting treatment of this transaction
between Longeta and Magicon. Be sure to provide a basis for your
conclusion. PROFESSIONAL JUDGMENT QUESTION It is
recommended that you read the Professional Judgment Introduction
found at the beginning of the book prior to responding to the following
question. [10] One of the environmental factors affecting judgment is the
ârush to solveâ judgment trap. Briefly describe the trap and how it
applies to the situation affecting the recording of the sales transaction.
==============================================
ACC 546 Case 9.4 Bud's Big Blue Manufacturing
For more course tutorials visit
www.acc546.com
Case 9.4 Bud's Big Blue Manufacturing covers accounts receivable
confirmations REQUIRED [1] List the four factors auditors should
consider when evaluating the results of confirmation procedures. Also,
what are three of the characteristics of a reliable confirmation? (For this
and other questions, you may wish to refer relevant auditing standards).
13. [2] What does it mean to âmaintain controlâ over the confirmation
requests and responses? What could go wrong if the auditor doesnât
maintain control over the confirmation process? [3] Complete the audit
log provided on the next page for each of the seven remaining
confirmations. Consider whether each confirmation provides sufficient,
appropriate audit evidence, whether sufficient alternative procedures
have been performed for non-responses, and whether additional
procedures should be performed before concluding that the confirmation
provides evidence supporting the clientâs account balance. Be as precise
and concise as possible. [4] What is the difference between a positive
and a negative confirmation? What are the advantages and disadvantages
of each type? [5] Search the internet to identify a real-life situation
where an auditor apparently did not maintain sufficient control over the
confirmation process. Briefly describe the situation you found.
PROFESSIONAL JUDGMENT QUESTION It is recommended that
you read the Professional Judgment Introduction found at the beginning
of this book prior to responding to the following question. [6] After
completing the confirmations review, your senior asks you to assess the
reasonableness of the allowance for bad debts. Think about the
anchoring tendency discussed in the Professional Judgment Introduction.
How could the anchoring tendency bias your reasonableness
assessment? What are some ways that you could mitigate the possible
effects of the anchoring tendency in assessing the reasonableness of the
allowance?
==============================================
ACC 546 Case 9.7 RedPack Beer Company
14. For more course tutorials visit
www.acc546.com
Case 9.7 RedPack Beer Company covers estimating allowance for bad
debt [2] Following your analysis of the information in Schedules A-D,
assume that you met with RedPackâs Credit Manager, Katie Henson, to
ask her a number of questions related to specific customer accounts in
the Accounts Receivable Aged Trial Balance. A transcript of your
interview notes is provided as Schedule E. Use that information to
address the following: [a] Based on your reading of the transcript, do
you agree with the specific reserves established by the credit manager
for Distinct Beer Distributor, Eagle Beverage Group, and Golden
Holdings? If yes why? If no what do you believe the specific reserves
should be and why? [b] Based on your reading of the transcript
discussion, would you have any concerns with other aspects related to
the reporting of revenues and accounts receivable? Explain your answer.
[c] Based on the information you have, develop an estimate of the
account balance for the allowance for bad debts and compare your
expectation to the clientâs estimate summarized in Schedule B for the
allowance for bad debts. Does the amount you estimated agree with the
clientâs estimate in Schedule B? If it does not agree, by how much does
it differ and is that difference material? [d] Determine the adjusting
journal entry(ies) needed, if any, to adjust managementâs estimate of the
reserve to your audited estimate and post your entries in the Adjustments
column in Schedule A. [e] Based on your reading of the professional
standards in requirement 1 above, what additional procedures would you
need to perform to conclude on the adequacy of the allowance for bad
debt?
==============================================
15. ACC 546 Case 10.4 and 10.5 Southeast Shoe
Distributor, Inc (Score 100%)
For more course tutorials visit
www.acc546.com
Week 5 Team Assignment Case 10.4 and 10.5 Southeast Shoe
Distributor, Inc. 10.4 [2] Complete steps 1a-i from the audit program E
1-1 [3] Complete step 4a from the audit program E 1-1 10.5 [1]
Complete audit procedure 3a listed on audit program E 2. [2] Document
your adjusting entries for any observed misstatements that you propose
on schedule E 11. Then update the accounts payable lead schedule on
audit schedule E 10
==============================================
ACC 546 Case 11.1 The Runners Shop
For more course tutorials visit
www.acc546.com
Week 6 Team Assignment, 1 Instructions: Review case 11.1 The
Runners Shop p.379-391. CASE 11.1 The Runners Shop Briefly answer,
16. required questions related to this case: 1-3 with approximately 30 to 45
words. REQUIRED [1] Describe the purposes of audit documentation
and explain why each purpose is important. [2] Review Green and
Brown, LLPâs audit documentation guidelines and explain why an audit
firm would want to include each of the listed items in its audit
documentation. [3] Review the audit documentation prepared by Green
and Brown, LLP, related to TRSâs Notes Payable and list deficiencies on
the enclosed schedules. Will not accept plagiarized work from other
sites, I could have done the same thing.
==============================================
ACC 546 Case 12.1 EyeMax Corporation
For more course tutorials visit
www.acc546.com
Case 12.1 EyeMax Corporation â evaluating audit differences Assume
that you are the auditor responsible for the EyeMax audit. It is now
March 30, and all planned fieldwork has been completed. Recall that
total financial statement materiality has been set at $625,000. Taking
into account the information provided, please answer the following
question. [1] Which of the following three alternatives best describes the
conditions under which you would issue a clean opinion for EyeMax?
(select one) ____ a. I would not be willing to issue a clean opinion even
if EyeMax is willing to make adjustments for items on the Summary of
Unadjusted Misstatements. ____ b. I would be willing to issue a clean
17. opinion without any adjustments. ____ c. I would be willing to issue a
clean opinion only if EyeMax is willing to make some adjustments to
their financial statements for items on the Summary of Unadjusted
Misstatements. Briefly explain your choice: [2] If you selected options
âaâ or âbâ in question 1, assume now that the client has decided that they
will make an adjustment of up to $250,000 to their financial statements.
Please decompose the total adjustment you would recommend into the
individual account classifications included on the Summary of
Unadjusted Misstatements in the space provided below (e.g., what
adjustment would you require for warranty expense, repair and
maintenance expense, etc? The dollar values of your individual account
adjustments should sum to no more than $250,000). If you selected item
âcâ in question 1, what is the minimum total adjustment that you would
require before issuing a clean opinion? $________________Please
decompose this total adjustment into the individual account
classifications included on the Summary of Unadjusted Misstatements in
the space provided below (e.g., what adjustment, if any, would you
require for warranty expense, repair and maintenance expense, etc? The
dollar values of your individual account adjustments should sum to your
required minimum adjustment). Please briefly explain your decisions:
==============================================
ACC 546 Case 12.2 Auto Parts. Inc
For more course tutorials visit
www.acc546.com
18. Case 12.2 Auto Parts. Inc. â materiality and evaluating accounting
policies and footnote disclosures [1] Describe whether you agree that
capitalization of the tooling supplies is the preferable method of
accounting for Auto Parts, Inc. [2] In general, how do auditors develop
an estimate of financial statement materiality? For Auto Parts, Inc., what
is your estimate of financial statement materiality? Are there qualitative
factors that might impact your decision about the materiality of the
accounting treatment and the related disclosure? [3] Assuming the policy
change is considered material, how should it be reported and disclosed
in the 2014 financial statements and what would be the effect, if any, of
the accounting change on the auditorâs report? [4] Do you concur with
managementâs assessment that the accounting change is immaterial and,
therefore, requires no disclosure? Why or why not?
==============================================
ACC 546 Case 12.4 Surfer Dude Duds, Inc
For more course tutorials visit
www.acc546.com
ACC 546 Case 12.4 Surfer Dude Duds, Inc [1] What are Scottâs
options? [2] How might a going-concern explanatory paragraph become
a âself-fulfilling prophecyâ for Surfer Dude? [3] Discuss the importance
of full and accurate auditor reporting to the public, and describe possible
consequences for both parties if the going-concern explanatory
paragraph and footnote are excluded. How might Scott convince George
19. that a going-concern report is in the best interests of all parties involved?
[4] What potential implications arise for the accounting firm if they issue
an unqualified report without the going-concern explanatory paragraph?
[5] What factors might motivate Scott to be objective in his decision,
despite his personal concern for his friend? [6] Is it appropriate for an
audit partner to have a friendly personal relationship with a client? At
what point could a personal relationship become an independence issue?
[7] In your opinion, what should Scott do? Briefly justify your position
and explain how you would approach George on Monday.
PROFESSIONAL JUDGMENT QUESTIONS It is recommended that
you read the Professional Judgment Introduction found at the beginning
of this book prior to responding to the following questions. [8] How is
professional skepticism related to professional judgment? Describe a
few factors that might be clouding Scottâs professional skepticism. [9]
Consider the judgment trap of solving the wrong problem. What are
some problems that Scott is trying to solve? What is the problem he
should be trying to solve? Describe how he might reconcile the two
objectives so that the problem becomes simpler to resolve?
==============================================
ACC 546 Individual Assignment 1.1 Ocean
Manufacturing, Inc
For more course tutorials visit
www.acc546.com
21. Describe the potential impact of your proposed controls on the morale of
the couple in charge of the day-to-day operations. How might Francisco
deal with these concerns? [4] Briefly describe the impact each proposed
control would have on the efficiency of running the business. Are the
controls you generated both effective and efficient?
==============================================
ACC 546 Individual Assignment Case 5.6 Sarbox
Scooter, Inc.
For more course tutorials visit
www.acc546.com
Part A 1. According to AS5: a) What should the auditor consider when
determining whether an account should be considered significant? b)
What qualitative factors might cause an account that is otherwise
relatively small quantitatively to be considered significant? c) What
qualitative factors might cause an account that is greater than materiality
to be considered not significant? 2. Auditing standards require the
identification and testing of entity-level controls. What are examples of
entity-level controls? What are the auditorâs responsibilities with respect
to evaluating and testing a clientâs period-end financial reporting
process? Part B 1. What are the definitions of a control deficiency,
significant deficiency, and material weakness as contained in AS5?
Which, if any, of these deficiency categories must the external auditor
include in the audit report?
22. ==============================================
ACC 546 Individual Assignment Evaluating the Case
Against Lehman Brothers
For more course tutorials visit
www.acc546.com
ACC 546 Individual Assignment Evaluating the Case Against Lehman
Brothers The Case Against Lehman Brothersâ. Write a 750- to 1,050-
word evaluation. Analyze and then summarize the responsibilities and
failings of the firm, the firmâs accountants, and government regulators.
Provide an update in the case against the firm, its top executives, and
accountants. Apply what you learned to your current or future
profession. How will you integrate this knowledge to make you a better
employee
==============================================
ACC 546 Laramie Wire Manufacturing Assignment
For more course tutorials visit
www.acc546.com
23. ACC 546 Laramie Wire Manufacturing Assignment
==============================================
ACC 546 Week 1 Assignment Avoiding Bias Paper
For more course tutorials visit
www.acc546.com
Avoiding Bias Paper - Assessment Activity - Week1 - ACC/546 -
eCampus Read the pages 1-9 section of Professional Judgment and
distinguish the four tendencies toward professional judgment bias: 1.
Availability Tendency 2. Confirmation Tendency 3.
Overconfidence Tendency 4. Anchoring Tendency In a paper
750 to 1,050 words, evaluate how an auditor can avoid these bias traps.
For the remainder of the course and subsequent assignments, continue to
consider and utilizeyour understanding ofthese biases.
==============================================