Assignment 1 acc 403

Audit Planning and Control Due Week 8 and worth points It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. Use the Internet to select a public accounting company that appeals to you. Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company.

Assignment 1 acc 403

The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their company.

Use the Internet or Strayer Library to research a recent accounting scandal within the last five 5 years where the SEC accused public companies of accounting irregularities.

Write a three to four page paper in which you: Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial statements under both common and federal securities laws.

Speculate on which statement of generally acceptable auditing standards GAAS that the company violated in performing the audit.

Compare the responsibility of both management and the auditor for financial reporting, and give your opinion as to which party should have the greater burden.

Analyze the sanctions available under SOX, and recommend the key action s that the PCAOB should take in order to hold management or the audit firm accountable for the accounting irregularities.

Provide a rationale for your response. Use at least two 2 quality academic resources in this assignment. Wikipedia and other Websites do not qualify as academic resources.Assignment 1: Auditors and Regulatory Oversight Desislava Tabakova ACC – Auditing I Professor Ashley Braun Harper November 2, “Olympus Scandal”.

Assignment_1_ACC_docx ( KB) Preview: own xxx of xxxxx that must xx complied with xxxxxx every xxxxx xxxxxxx standards xxx the qualifications xxx auditor must xxxx before xxxxxx xxx perform xx audit There xxx three general xxxxxxxxxx adequate xxxxxxxxx xxxxxxxx and xxxxxxxxxxxx independence in xxxxxx attitude.

ACC Student Version ( ) Final Page 16 of 16 Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell. ACC Week 4 Assignment 1 – Auditors and Regulatory Oversight.

The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their company.

Assignment 1: Auditors and Regulatory Oversight Desislava Tabakova ACC – Auditing I Professor Ashley Braun Harper November 2, “Olympus Scandal”. ACC Strayer University. Best Resources for Homework and Assignment Help for USA Students. All tutorials are delivered immediately via e-mail.

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Assignment 1 acc 403

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Homework and Assignment Help: Strayer-University ACC Assignment (1)