ACC 491 Week 1 Quiz | Assignment Help | University Of Phoenix
- University of Phoenix / ACC 491
- 02 Mar 2019
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ACC 491 Week 1 Quiz | Assignment Help | University Of Phoenix
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In your own words, define “Auditing.”
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Discuss the importance of “Evidence” in
auditing.
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Define “Independence” and “Objectivity” as
they relate to auditing.
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Audits typically consist of three phases:
Planning; Fieldwork; Reporting. Describe activities that accompany each step.
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Distinguish between Assurance and Attestation
Services.
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Describe the following types of Audits:
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Discuss the following types of Auditors:
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Auditors Working for CPA Firms
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Governmental Auditors (e.g. GAO, IRS, health
inspectors)
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Internal Auditors
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Identify the roles CPA firms play in society.
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Briefly explain Sarbanes-Oxley (SOX) and the
role the Securities and Exchange Commission (SEC) plays in regulating audits.
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What is the role of the AICPA? The PCAOB? The
Institute of Internal Auditors (IIA)?
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Summarize the ten components of Generally
Accepted Auditing Standards (GAAS)
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What is SAS, and for what are they used?
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True or False – CPA firms are required to
engage in quality control efforts of its audits? Why or Why not?
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What is a Peer Review and how and when are
they performed?
USA 
India