ACC 562 Complete Course
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Wednesday, 29 July 2015

ACC 562 Complete Course

ACC 562 Complete Course
Click below link for Answer visit    www.workbank247.com
ACC 562 Week 1 Discussion
"Unbiased Reporting"  Please respond to the following:
•           Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response.
•           Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion.
ACC 562 Week 2 Discussion
"Topic of Discussion"  Please respond to the following:
Analyze the changes made to corporate governance rules since the implementation of the Sarbanes–Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response.
Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response.
ACC 562 Week 3 Discussion
"Application of Ethical Framework"  Please respond to the following:
From the case study, use the ethical framework to propose a course of action that you would take concerning the audit. Provide a rationale for your response.
Imagine that you work for an audit firm and the firm selected you to assess its auditor independence and the potential threats to the firm. Determine at least two (2) potential threats to auditor independence and recommend one (1) strategy for the firm to eliminate or mitigate those threats you determined.
ACC 562 Week 3 Assignment
Click the link above to submit your assignment.
Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.
Instructors, training on how to grade is within the Instructor Center.
Assignment 1: Madoff Securities
Due Week 3 and worth 280 point
Review the Madoff Securities case, located in Chapter 6 of your textbook.
Write a four to five (4-5) page paper in which you:
1.      Determine the regulatory oversight that was in place while the Ponzi scheme was operating, and speculate on the main reasons why they did not discover the scheme.
2.      Assume you are an auditor for a firm that had $10 million dollars invested in Madoff Securities.
3.      Determine the fundamental audit procedures that you should have applied to this investment.
4.      Predict the way in which a peer review of Friehling and Horowitz would have uncovered the scheme related to Madoff Securities.
5.      Pretend you are Harry Markopolos and suggest one (1) strategy, different from that of the case study, to expose the potential fraud. Provide a rationale to support the suggestion.
6.      Analyze the role of the audit committee for Madoff Securities in regard to the discovery of Ponzi scheme, and suggest one (1) action the audit committee could have taken in order to prevent or detect the fraud. Provide a rationale to support the suggestion.
7.      Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
·         Include a cover page containing the title of the assignment, the student's name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Analyze the requirement for the profession of auditing and the integral role that independence assurance plays within the economy.
·         Examine the corporate governance of audits including the professional, regulatory, and corporate managerial requirements.
·         Use technology and information resources to research issues in auditing.
·         Write clearly and concisely about auditing using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric found 

ACC 562 Week 4 Discussion
"Professional Standards"  Please respond to the following:
From the first e-Activity, determine at least two (2) AICPA Professional Conduct principles that are most likely to be violated. Provide a rationale to support your response.
From the second e-Activity, recommend at least two (2) additional responsibilities that the audit committee should take in order to improve its effectiveness in detecting or preventing financial fraud. Provide a rationale to support your recommendation.
ACC 562 Week 5 Discussion
"Audit Risk" Please respond to the following:
Imagine you work for an auditing firm. Your most recent task is to determine whether or not your firm should bid to perform the auditing services of a public company. Determine the fundamental kind of information that you need in order to make an informed decision as to whether or not to bid on the audit. Provide a rationale to support your response.
From the case study, analyze the key risk areas associated with an audit of Lincoln Federal Savings and Loan. Next, recommend at least two (2) risk areas that should be included in the audit plan. Provide a rationale to support your recommendation.
ACC 562 Week 6 Discussion
"Internal Control"  Please respond to the following:
From the e-Activity, support or critique the idea that the Committee of Sponsoring Organization of the Treadway Commission (COSO) transition would strengthen internal controls over financial reporting in publicly traded companies. Provide a rationale to support your response.
From the case study, determine the fundamental control deficiencies associated with the credit function. Next, propose at least one (1) control improvement that the credit department management could make in the process. Provide a rationale to support your response.
ACC 562 Week 7 Discussion
"Fraud"  Please respond to the following:
From the e-Activity, determine the main reasons why several members of top management in Phar-Mor perpetrated the financial statement fraud. Next, recommend one (1) strategy that the auditors might have taken to detect or prevent the fraud. Provide a rationale to support your recommendation.
From the case study, analyze the financial data as presented. Next, choose at least one (1) pattern within the data that appears to be inconsistent, and propose one (1) strategy that one could use to audit this pattern. Provide a rationale to support your response.

ACC 562 Week 7 Assignment 2 Cardillo Travel Systems, Inc.
Click the link above to submit your assignment.
Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.
Instructors, training on how to grade is within the Instructor Center.
Assignment 2: Cardillo Travel Systems, Inc.
Due Week 7 and worth 280 points
Review the Cardillo Travel Systems case in your textbook.
Write a four to five (4-5) page paper in which you:
1. Explain the Securities and Exchange Commission's rationale to charge Cardillo executives with each of the following violations:
a.        
a.       making false representations to outside auditors

b.      failing to maintain accurate financial records

c.       failing to file prompt financial reports with the SEC

d.      violating the insider trading provisions of the federal securities laws
2. Determine who was in violation or compliance of the AICPA's Code of Professional Conduct in this case study and analyze the key reasons why they were or were not in compliance. Provide support for the rationale.
3. Analyze the actions taken by Cardillo's outside auditors and evaluate the level of efficiency of the audit risk management in this case study. Provide support for the rationale.
4. Determine whether or not the five (5) components of internal control were being followed. Support the response with at least two (2) examples.
5. Create an argument for or against whether auditors have a responsibility to assess the judgment of the decisions made by Cardillo's management. Support the argument.
6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
·         Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Analyze the process and regulatory requirements for professional ethical decision making.
·         Analyze the critical factors of business, audit, and planning risks, and the process of managing these risks in audit engagements.
·         Analyze an audit framework and assessment process for evaluating the effectiveness of internal controls related to financial reporting.
·         Use technology and information resources to research issues in auditing.
·         Write clearly and concisely about auditing using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found 
ACC 562 Week 8 Discussion
"Going Concern" Please respond to the following:

From the e-Activity, analyze the auditor’s responsibility to determine if a company can continue as a going concern. From your analysis, propose at least two (2) key factors that the auditor should consider when determining an entity’s ability to continue as a going concern. Provide a rationale to support your proposal.
From the case study, analyze the inquiry letter sent by C.R. Brown. Next, determine at least one (1) omission that you believe occurred within the letter, and suggest one (1) way to improve the letter so that Consolidated’s outside attorney may corroborate the information in the case. Provide a rationale to support your response.

ACC 562 Week 9Discussion

"Professional Liability" Please respond to the following:

From the case study, determine the main potential ethical dilemmas. Next, use the seven (7) steps in the ethical decision-making framework to recommend one (1) course of action you would take in order to avoid the ethical dilemmas. Provide a rationale to support your recommendation.
From the case study, based on your recommendation in Part I of this discussion, suggest one (1) strategy that would support you making the right decision without undermining the manager’s confidence in your problem-solving ability in a difficult situation. Provide a rationale to support your response.

ACC 562 Week 10Discussion

"Audit Judgment"  Please respond to the following:
·         From the case study, evaluate the quality of REDTOP’s internal audit function. Based on your evaluation, recommend at least two (2) changes that you would make in order to improve the quality of REDTOP’s internal audit function. Provide a rationale to support your response.
·         From the case study, give your opinion as to whether or not your external audit engagement team could use REDTOP’s internal audit function in another fashion, as opposed to merely relying on existing internal audits in order to perform the overall audit of REDTOP Sports Company. Recommend one (1) alternative to using the work that the internal audit has already yielded as part of your external audit. Provide a rationale to support your response.

ACC 562 Week 10Assignment 3 Freescale Semiconductors, Inc.
Click the link above to submit your assignment.
Students, please view the "Submit a Clickable Rubric Assignment" in the Student Center.
Instructors, training on how to grade is within the Instructor Center.
Assignment 3: Freescale Semiconductors, Inc.
Due Week 10 and worth 360 points
Review the Freescale Semiconductor case in your textbook.
Prepare a twelve to twenty (12-20) slide PowerPoint presentation with speaker notes in which you:
1.       Give your opinion as to whether or not additional laws and harsher penalties on financial fraud can eliminate or mitigate financial fraud. Support the rationale.
2.       Suggest three (3) new strategies that you believe the government can implement to eliminate or mitigate insider trading. Provide a rationale to support the suggestion.
3.       In this case study, leaked merger and acquisition information was used to enable the fraud. Determine the key internal controls needed over the communication of confidential information to outside parties, and analyze the manner in which these controls act as a deterrent to fraudulent activities.
4.       Pretend you are Donna Murdoch in this case study and propose an alternative plan to act on the leaked information. Next, recommend one (1) strategy to communicate the alternative plan and determine whom the plan should be communicated with. Justify the response.
5.       In this case study, E&Y was providing a consulting service to The Blackstone Group related to its planned acquisition of Freescale Semiconductor. Compare and contrast the different auditor’s professional responsibilities between consulting engagements and audit engagements.
6.       Take a position on whether more legislative and/or regulatory agency oversight will increase or decrease corporate fraud. Provide a rationale to support the position.
7.       Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
·         Apply APA standards to citation of sources
·         No more than four (4) bullets per slide
·         No more than six (6) words per bullet
·         Headings:Times New Roman Font:36 Points
·         Bullets:Times New Roman Font:24 Points
·         Add bulleted speakers notes
·         Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date.
The specific course learning outcomes associated with this assignment are:
·         Examine the various types of financial fraud and the auditor's responsibilities related to fraud detection.
·         Evaluate the legal environment for liability related to financial audits and the proactive activities that a professional may take to prevent litigation.
·         Use technology and information resources to research issues in auditing.
·         Write clearly and concisely about auditing using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found here.

ACC 562 Week 11Discussion
"Looking Ahead" Please respond to the following:
·         Discuss one (1) way in which you anticipate using what you have learned from this course in your current or future career. Provide one (1) specific example to support your response.
·         Speculate on one (1) specific auditing area presented in this course that you believe may be eliminated, added, or changed in the next ten (10) years. Provide a rationale to support your response.


ACC 562 Complete Course
Click below link for Answer visit    www.workbank247.com



 
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