ACC 403

ACC 403 Week 5 Discussion "Minimizing Audit Risk" Please respond to the following: • According to the text, auditors have to make judgments concerning materiality on every audit. Since the auditing standards give no formal guidance for how to determine materiality, auditors must rely on their own experience. Determine at least three (3) qualitative factors that affect the auditor's judgment. Provide a rationale for your response. •

8 Other / Other Devry University / ACC 403 22 Jan 2016

Week 4 Assignment 1 Submission Click the link above to submit your assignment. Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center. Instructors, training on how to grade is within the Instructor Center. Assignment 1: Auditors and Regulatory Oversight The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative ac

20 Other / Other Devry University / ACC 403 22 Jan 2016

ACC 403 Week 4 Discussion "Evidence Collection Procedures" Please respond to the following: • According to an article in the CPA Journal, the auditor considers reliability of audit evidence collected and the reliability of that evidence to reduce the risk of financial statements containing undetected material errors. Compare and contrast at least two (2) types of evidence, and make a recommendation as to which you believe is the most reli

8 Other / Other Devry University / ACC 403 22 Jan 2016

ACC 403 Week 3 Discussion "Audit Risks" Please respond to the following: • From the e-Activity, analyze whether or not investors who were misled by relying on financial statements could hold the audit firm liable for audit failure either by common or securities laws. Provide a rationale for your response. • According to an article in the CPA Journal, the accounting profession has long contended that an audit conducted in accordance

8 Other / Other Devry University / ACC 403 22 Jan 2016

ACC 403 Week 2 Discussion "Auditor Accountability" Please respond to the following: • From the e-Activity, discuss the departures from generally accepted accounting principles (GAAP) that you have researched, and give your opinion as to whether or not the Public Company Accounting Oversight Board (PCAOB) should levy sanctions against the CPA firm for issuing the unqualified report. Identify the sanctions and section of the report the comp

8 Other / Other Devry University / ACC 403 22 Jan 2016

ACC 403 Week 1 Discussion "Auditor's Role and Responsibilities" Please respond to the following: • Compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over financial reporting. Identify at least two (2) objectives that are the most significant in reducing the risk of reporting errors or misstatements in financial statements. Provide a rationale for your response. • Create

8 Other / Other Devry University / ACC 403 22 Jan 2016