ACC 492 Entire Course

ACC 492 Entire Course Link 
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ACC/492
CONTEMPORARY AUDITING II

 
The Latest Version A+ Study Guide
 
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ACC 492 Entire Course Link
https://uopcourses.com/category/acc-492/
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ACC 492 Week 1 Assignments From the Text
Resource: Ch. 14 of Modern Auditing
Dowload the Adobe® Reader® version of Ch. 14 to complete this assignment.

  • Click on the link for Ch. 14 of Modern Auditing on the course website.

  • Click Download eBook on the left-hand side of the page.

  • Download Ch. 14 of Modern Auditing


Prepare written answers for the following assignments:

  • Learning Check 14-21 (In some versions of the text, this may be Learning Check 14-4).  The correct question relates to Cutoff with respect to Accounts Receivable

  • Comprehensive Question: 14-28 Controls over Cash Receipts Processing at a Church

  • Comprehensive Question: 14-30 Substantive Tests of Accounts Receivable


    • Click the Assignment Files tab to submit your assignment.



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    • Click the Assignment Files tab to submit your assignment.



 
ACC 492 Week 2 Assignments From the Text
Resource: Modern Auditing
Prepare written answers to the following assignments:

  • Ch. 16 (16-33): Comprehensive Question Control Activities in Payroll Processing

  • Ch. 16 (16-35): Comprehensive Question Potential Misstatements/Tests of Controls - Payroll


    • Click the Assignment Files tab to submit your assignment.



 
ACC 492 Week 2 Apollo Shoes Case Assignment
Resource: Apollo Shoes Case 
Complete the following audit sections:

  • Revenue and Expenses


    • Before completing this section, review the material in the Planning section with emphasis on the Trial balances and Apollo Shoes Minutes; and the Accounts Receivable section with emphasis on the Audit of Accounts Receivable – confirmations.


  • Payroll


    • Before completing this section, review the material in the Planning section.


      • Click the Assignment Files tab to submit your assignment.




 
ACC 492 Week 2 Separation of Duties -- Inventory (LT Discussion Assignment)
Describe how the separation of (1) authorization of production transactions, (2) recording of these transactions, and (3) physical custody of inventories can be specified among the production, inventory, and cost accounting departments. How does the production order document provide a control over the quantity of materials used in production? From what population of documents would an auditor sample to determine (1) whether all are authorized, (2) production was completed and placed in inventory or written off as scrap, and (3) finished goods inventory was actually produced and properly costed? 
 
 
ACC 492 Week 3 Assignments From the Text
Resource: Modern Auditing
Resource: Modern Auditing
Prepare written answers to the following assignments

  • Ch. 16 (16-26): Comprehensive Question Evaluation of Internal Controls - Raw Materials and Supplies Inventory

  • Ch. 16 (16-29): Comprehensive Question Computer-Assisted Substantive Tests for Inventory


    • Click the Assignment Files tab to submit your assignment.



 
 
ACC 492 Week 3 Apollo Shoes Case Assignment
Resource: Apollo Shoes Case 
Review the Planning section with emphasis on the Workpaper Indexing, Trial Balances, and Apollo Shoes Minutes and the Accounts Receivable section with emphasis on the Audit of Accounts Receivable – confirmations.
Complete the Inventory audit section
Click the Assignment Files tab to submit your assignment.
 
 
ACC 492 Week 3 Internal Control Components for LT Assets / Liablities and Equity (LT Discussion Assignment)
What internal control components are common among long-term assets, liabilities, and equity accounts? What components are unique to each? How can an auditor assess these controls? 
 
 
ACC 492 Week 4 Assignments From the Text 1
Resource: Modern Auditing
Prepare answers to the following assignments:

  • Ch. 17 (17-22): Comprehensive Question Internal Controls for Plant Assets

  • Ch. 17 (17-26): Comprehensive Question Substantive Tests and Disclosures for Long-Term Debt


    • Click the Assignment Files tab to submit your assignment.



 
 
ACC 492 Week 4 Case Study Assignment
Resource: Case 8.1: Laramie Wire Manufacturing: Using Analytical Procedures in Audit Planning from Auditing Cases: An Interactive
Learning Approach located on the Week 4 Materials page
Prepare written answers that follow the case.
1. Perform analytical procedures to help you identify relatively risky areas that indicate the need for further attention during the audit, if any.
2. Focus specifically on each of the five management assertions (existence or occurrence, completeness, valuation or allocation, rights and obligations, and presentation and disclosure) for the inventory account. Link any risks you identified for this account in question 1 to the related management assertion. Briefly explain identified risks or issues for the inventory account that require further attention, if any.
Click the Assignment Files tab to submit your assignment.
Cite your research and format your paper consistent with APA guidelines.
 
  XX  XXX Starter 1
 
ACC 492 Week 4 Assignments From the Text 2
Resource: Modern Auditing
Prepare written answers to the following assignments:

  • Ch. 17 (17-27): Comprehensive Question Substantive Tests for Stockholders' Equity Balances

  • Ch. 18 (18-31): Comprehensive Question Substantive Tests for Cash Balances


    • Click the Assignment Files tab to submit your assignment.



 
 
ACC 492 Week 4 Apollo Shoes Case Assignment
Resource: Apollo Shoes Case 
Complete the following audit sections:

  • Prepaids and Other Assets


    • Before completing this section, review the Planning section and the Cash section with emphasis on the Apollo Shoes Bank Rec.


  • Fixed Assets


    • Before completing this section, review the Planning section with emphasis on the Apollo Shoes Minutes.


      • Click the Assignment Files tab to submit your assignment.




 
 
ACC 492 Week 4 Steps Required to Finalize the Audit (LT Discussion Assignment)
What are the steps that are required for an auditor to finalize the audit? Which steps are the most crucial to the outcome of the audit? How will these steps affect the final audit decision? 
 
ACC 492 Week 5 Assignments From the Text
Prepare written answers to the following assignments:

  • Ch. 19 (19-23): Comprehensive Question Subsequent Events


    • Click the Assignment Files tab to submit your assignment.



 
ACC 492 Week 5 Case Study Assignment
Resources: Case 12.4: Surfer Dude Duds, Inc.: Considering the Going-Concern Assumption
Prepare written answers that follow the case
Click the Assignment Files tab to submit your assignment.
 
 
ACC 492 Week 5 Issuing Audit Reports Simulation
Resources: Issuing Audit Reports simulation 
Complete the simulation.
Prepare a 350-word response to the following questions:

  • What are the different types of audit reports and when should each be used?

  • In what types of situations would an auditor be allowed to issue an unqualified audit report?

  • To what extent is the auditor liable for misstatements in the financial statements of the audited company?


    • Click the Assignment Files tab to submit your assignment.



 
 
ACC 492 Week 5 Case Study Assignment and Presentation
Resource: Case 4.1: Enron Corporation and Andersen, LLP: Analyzing the Fall of Two Giants in Auditing Cases
  Part 1 (50 Points) -- Narrative (Microsoft Word)
 1) Complete the questions at the end of the case.  Please answer all 9 questions.
 2) Prepare a 350-word response (in total) to the following questions:

  • What are the principles of the AICPA Code of Professional Conduct?

  • What part(s) of the AICPA Code of Conduct was violated by Andersen? By any Enron employee who was a CPA?


 Part 2 (40 Points) -- Presentation (Microsoft PowerPoint)
 3) Prepare 12-15 Microsoft® PowerPoint® slides, with speaker's notes, illustrating your answers to the Case Study Assignment on Case 4.1.  Incorporate your findings from 2) above as well on the AICPA Code of Professional Conduct
 Total 90 Points
 Click the Assignment Files tab to submit your assignment.
 
 
ACC 492 Week 5 Auditor's Legal Liability in an Audit (LT Discussion Assignment)
Please search the web for a case in which an auditor or audit firm was deemed to be liable for some form of misconduct in an audit.  For what were they considered guilty?  What was the penalty or punishment placed on the auditor?  If you were the auditor, what would you do on a go forward business to avoid the same fate
 
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