ACC 490 Week 1 Generally Accepted Auditing Standards Paper
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Generally Accepted Auditing Standards Paper
Prepare a 700-1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the following:
a. Describe the elements of the Generally Accepted Auditing
Standards (GAAS).
b. Describe how these standards apply to financial, operational, and compliance audits.
c. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB) will have on audits of publicly traded companies.
d. Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB
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ACC 490 Week 1 Team Assignment Ch 1 &Ch 4 Questions
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Select classmates to be on your Learning Team.
Create the Learning Team Charter.
Review the objectives from Week One and discuss additional insights and questions
Prepare written responses to the following assignments from the text: Modern Auditing: Assurance Services and the Integrity of Financial Reporting
• Ch. 1: Comprehensive Question 1-25
• Ch. 4: Case 4-26
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ACC 490 Week 3 Team Assignment Assessing Materiality and Risk Simulation
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Resources: Assessing Materiality and Risk...