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 a scenario where it would be acceptable for an external auditor to accept…show more content… 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 with generally accepted auditing standards (GAAS) provides reasonable assurance that there are no material misstatements contained within financial statements. Suggest at least two (2) alternative methods that auditors can use to provide a more concrete level of assurance to investors. Provide support for your responses with examples of such methods in use.
ACC 403 Week 3 Homework
Chapter 5: Problems 5-18, 5-20(a-d), and 5-22(a-e)
Chapter 6: Problems 6-23(a-b), 6-25, and 6-32(a-g)
ACC 403 Week 4Discussion
"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 reliable in reducing risk. Support your position.
From the e-Activity, analyze the primary ways