Acc 490 entire course

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In this work of ACC 490 Entire Course you will find the next
docs:
ACC 490 Week 1 DQs.doc
ACC 490 Week 1 Individual Assignment Generally Accepted
Auditing Standards Paper.doc
ACC 490 Week 1 Summary.doc
ACC 490 Week 2 Individual Assignment Ch. 1 Textbook
Exercise.doc
ACC 490 Week 2 LT Assignment Auditing, Attestation, and
Assurance Services Paper.doc
ACC 490 Week 3 Individual Assignment Ch. 5, 6, 7 Textbook
Exercises.doc
ACC 490 Week 3 Learning Team Assignment Ch. 6 7 Textbook
Exercises.doc
ACC 490 Week 3 LT Assignment Assessing Materiality and
Risk Simulation.doc
ACC 490 Week 4 Individual Assignment Ch. 8, 10, 11
Textbook Exercises.doc
ACC 490 Week 4 LT Assignment Apollo Shoes Case
Assignment.doc

ACC 490 Week 5 Individual Assignment Ch. 11 13 Textbook
Exercises.doc
ACC 490 Week 5 LT Assignment Audit Sampling Case Memo
and Presentation.doc
ACC-490 Final Exam.pdf
Business - Accounting
1. Which one of the following is among the three
components of audit risk?
2. The Hochfelder Case is important because it limited
auditor liability under:
3. Which of the following is an INCORRECT statement
concerning one of the field work standards?
4. An auditor would be most likely to issue a “summary of
findings” in connection with which one of the following types
of services?
5. Making sure that the detail of and accounts receivable file
agrees with the general ledger before the file is used to
produce confirmations is an example of which of the
following audit procedures?
6. The auditor has some control over:
7. Concerning such matters as the integrity of management,
errors, and illegal acts, the auditor should plan the audit with
an attitude of:
8. Incompatible duties are those that allow an irregularity to
be perpetrated:
9. In making judgments about materiality at the account
balance level, the auditor must consider the relationship
between it and financial statement materiality. This should
lead the auditor to plan the audit to detect misstatements

that:
10. Which one of the following is NOT an inherent limitation
in an entity’s internal controls?
11. Use of auditor judgment or of a risk matrix is necessary
in revising planned detection risk whenever:
12. The auditor has decided to use PPS sampling in the
confirmation of individual sales transactions with customers.
The population and the logical sampling unit are most likely
to be, respectively:
13. Which of the following is NOT considered an access
control?
14. Which of the following is NOT an element of a computer-based
system?
15. The use of computer systems in accounting creates more
areas where errors can occur. Which of the following should
be of most concern?
16. Differences exist between the Securities Act of 1933 and
1934. More cases have been brought against auditors under
the 1934 Act because it applies to annual filings and:
17. The type of risk that is independent of the audit of the
financial statements and therefore cannot be changed is:
18. Occasionally, employees will work together to conceal
fraud. This is known as:
19. Sometimes the auditor does not have the book value of
the individual items in the sample. In this case, the sampling
technique to be used is:
20. According to the Sarbanes-Oxley Act of 2002, the
establishment and maintenance of internal controls is the
responsibility of:
21. The fact that a company’s management does not place a
high priority on the entity’s values creates a high-risk

condition.
22. The AICPA provides a broad range of services to its
members and the accounting profession. Membership into
this organization is mandatory for Certified Public
Accountants.
23. In order to fully understand the internal controls of an
organization, the auditor must consider circumstances and
judgment.
24. The steps for assessing the risk of material misstatement
in the financial statements include evaluating the types of
misstatements that might occur and evaluating the likelihood
and magnitude of potential misstatements.
25. Computer abuse and computer fraud essentially mean
the same thing.
26. A CPA Risk Advisory service consists of decision makers
who are not a member of management or a board of
directors.
27. Internal control can provide absolute assurance to a
company’s management and board of directors regarding the
entity’s ability to achieve objectives.
28. The auditor has a responsibility to determine if
substantial doubt exists, as of the date of the audit report,
regarding the entity’s ability to continue as a going concern
for the following year.
29. Explain the Sarbanes-Oxley Act of 2002 and its
application to audits
30. What is generalized audit software? What are the tasks
for which auditors would use it? What are the advantages
and disadvantages of using generalized audit software? Will
this software be more appropriate for auditing your
organization’s computer information system, or would it be

necessary to develop customized audit software? What type
of software will work best for your work environment?
Please explain.
31. What is the difference between assurance and
attestation services? Please provide examples of each.
32. Is it probable that the use of information technology will
eventually eliminate the audit trail, making it impossible to
trace individual transactions from their origin to the
summary total on the financial statements? Please explain.
How do the AICPA and the PCAOB want the auditor to
address controls in the light of this technological shift?
34. What was your most valuable learning experience during
this class? Why? What was your least valuable learning
experience? Why? What are your suggestions for improving
the course material and assignments?
It is a good idea to begin thinking about your eventual career
as early as possible. That way, you will know if the college of
your choice offers the classes you will need. Colleges tend to
be stronger in some areas of study, less so in others. Meet
with the director of admissions to verify the needed courses
are available....
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Acc 490 entire course

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Acc 490 entire course