Download ASHFORD ACC 410 Week 2 Assignment Analytical Procedures

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ASHFORD ACC 410 Entire Course
ASHFORD ACC 410 Week 1 DQ 1 Internal
vs. External Audit Staffs
ASHFORD ACC 410 Week 1 DQ 2 Audit
Reports
ASHFORD ACC 410 Week 1 Assignment
Generally Accepted Auditing Standards
ASHFORD ACC 410 Week 2 DQ 1 Balance
Sheet Verification
ASHFORD ACC 410 Week 2 DQ 2
Accounting Principles
ASHFORD ACC 410 Week 1
Assignment Generally Accepted
Auditing Standards
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. Organize your answer as
shown below; specifically with a
column for the standard that was
violated and a column for the
required action. Thepapershouldbe
2-3 pages.
Problem:
John Clinton, owner
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ASHFORD ACC 410 Week 1 DQ 1
Internal vs. External Audit Staffs
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. Do not
forget
ASHFORD ACC 410 Week 1 DQ 2
Audit Reports
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. On
the other hand, if no audit is
performed of the current year’s
financial
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ASHFORD ACC 410 Week 2
Assignment Analytical
Analytical
Procedures. In a 2-3 page
Procedures
paper, complete the case below and
submit to instructor. Review the income
statement for Uden Supply Company
and answer the following:
a. Describe the purpose of analytical
procedures performed in the planning
stage of the audit.
ASHFORD ACC 410 Week 2 DQ 1
Balance Sheet Verification
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.”
Evaluate this statement. Remember
to complete all parts of the
problems. Do not forget to show the
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ASHFORD ACC 410 Week 2 DQ 2
Accounting Principles
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. Do
not forget to show the necessary steps
and explain how you attained that
outcome
ASHFORD ACC 410 Week 3
Assignment Internal Control
Case
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
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ASHFORD ACC 410 Week 3 DQ 1
Audit Programs
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. Do not forget to show the
necessary steps and explain how you
attained that outcome
ASHFORD ACC 410 Week 3 DQ 2
Internal Control Procedures
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? Remember to complete all
parts of the problems. Do not forget
to show the necessary steps and
explain how you attained that
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ASHFORD ACC 410 Week 4 DQ 1
Legal 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.
Remember to complete all parts of the
problems. Do not forget to show the
necessary steps and explain how you
attained
ASHFORD 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. Remember
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ASHFORD ACC 410 Week 5
Assignment Audit Report
Modifications Paper
Audit Report Modifications. Complete
problem below. List a represents the
types of opinions the auditor ordinarily
would issue and List B represents the
report modifications [if any] that would
be necessary. Select as the best answer
for each situation [items 1 to 6] the type
of opinion and modifications, if any, the
auditor would normally select. The types
of opinions in List A and the report
modifications in List B may be selected
once, more than
ASHFORD ACC 410 Week 5 DQ 1
Audit Reporting
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
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ASHFORD ACC 410 Week 5 DQ 2
Audit Reports
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? Material?Very material?
Remember to complete all parts of the
problems. Do not forget to show the
necessary steps and explain how you
attained that outcome
ASHFORD ACC 410 Week 5 Final
Paper Audit Plan Keystone
Computers
The final paper will be based on
Appendix 6C Illustrative Audit Case:
Keystone Computers at pages 237244 in your text. Write, in outline
format but in complete sentences, a
6 to 10 page audit plan. It is
recommended that you look at
Figure 18.8 on page 708, which
shows the control objectives related
to accounts receivable.
In your
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