ACC 410 Complete Course ACC410 Complete Course
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ACC 410 WEEK 1 DQ 1 INTERNAL VS. EXTERNAL AUDIT STAFFS
Internal vs. External Audit Staffs. Spacecraft, Inc., is a large corporation that is audited regularly by a public accounting firm but also maintains an internal auditing staff. Explain briefly how the relationship of the public accounting firm to Spacecraft differs from the relationship of the internal auditing staff to Spacecraft. Do not forget to show the necessary steps and explain how you attained that outcome. Respondtoatleasttwoofyourclassmates’ postings
ACC 410 WEEK 1 DQ 2 AUDIT REPORTS
Audit Reports. Evaluate the following question: “If a CPA firm completes a nonpublic company audit of Adam Company’s financial statements following IACPA generally accepted auditing standards and is satisfied with the results of an audit, an unmodified report may be issued. On the other hand, if no audit is performed of the current year’s financial statements, but the CPA firm has performed satisfactory audits in prior years, has confidence in the management of the company, and makes a quick review of the current year’s financial statements, a qualified report may be issued.” Do you agree? Give reasons to support your answer. Do not forget to show the necessary steps and explain how you attained that outcome.
ACC 410 WEEK 1 ASSIGNMENT GENERALLY ACCEPTED AUDITING STANDARDS
Generally Accepted Auditing Standards. Complete problem below and submit to your instructor. Write under the generally accepted auditing standards column the specific standard that was violated and how the action of Jones resulted in a failure to comply with each standard. Organize your answer as shown below; specifically with a column for the standard that was violated and a column for the required action....