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ACC 492 - Week 4 - Complete

ACC 492 - Week 4 - Complete
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  • ACC 492 - Week 4 - Apollo Shoe Case Assignment.doc
    ACC 492 - Week 4 - Application of learning objectives.doc
    ACC 492 - Week 4 - Assignments From the Text (Learning Team).doc
    ACC 492 - Week 4 - Assignments from the Text.doc
    ACC 492 - Week 4 - Case Study Assignment.doc
    ACC 492 - Week 4 - DQ 1.doc
    ACC 492 - Week 4 - DQ 2.doc
    ACC 492 - Week 4 - DQ 3.doc
    ACC 492 - Week 4 - Summary.doc
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ACC 492 - Week 4 - Complete

DQ1.What are the steps that are required for an auditor to finalize the audit? Which steps do you think are the most crucial to the outcome of the audit? How will these steps affect the final audit decision?

 

DQ2.What is meant by the evaluation of a client’s ability to continue as a going concern? What are some situations that would require modification of the auditor’s opinion related to going concern? What is the auditor’s responsibility for assessing a client’s ability to continue as a going concern? 

 

DQ3.What types of opinions does an auditor issue other than unqualified? How does an opinion other than unqualified affect the client? Which opinion is the worst?  

 

Individual Assignment - Assignments From the Text         

Resource: Modern Auditing

Prepare answers to the following assignments:

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

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

 

Individual 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 Four Materials page

Prepare written answers that follow the case.

 

Learning Team Deliverable Application of learning objectives    

Discuss this week’s assignments and learning objectives in the Learning Team Forum.

 

Write a summary of your team’s discussion and submit your summary to the Assignments link by Day 7. Make sure you discuss each member’s contribution to the discussions and the assignments. Include a title page that indicates that each member of the team has substantively participated in the discussions.

 

Submit your summary to the Assignments link.

Learning Team Assignment – Assignments From the Text          

Resource: Modern Auditing

Prepare written answers to the following assignments:

• Ch. 17: Comprehensive Question 17-27: Substantive Tests for Stockholders’ Equity Balances

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

 

Learning Team Assignment - Apollo Shoe Case Assignment      

Resource: Apollo Shoes Case Materials located on the Week Four student website

Complete the following audit sections:

• Prepaid and Other Assets

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

• Fixed Assets

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

 

Weekly Summary

Post a short summary of what you have learned this week.