Category Archives: ACCT 444

DEVRY ACCT 444 Team Assignment Course Project NEW

DEVRY ACCT 444 Team Assignment Course Project NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-team-assignment-course-project-new

For more classes visit

http://www.assignmentcloud.com/

ACCT 444 Team Assignment Course Project NEW

Group C Course Project

Week 7 – 16-35

A. Following are the relationships, ratios, and trends that provide useful information about the overall reasonableness of accounts payable:

DEVRY ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25 NEW

DEVRY ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25 NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-week-1-homework-1-18,-2-19,-4-22,-26-25-new

For more classes visit

http://www.assignmentcloud.com/

ACCT 444 Week 1 Homework 1-18, 2-19, 4-22, 26-25 NEW

 

DEVRY ACCT 444 Week 1 Quiz NEW

DEVRY ACCT 444 Week 1 Quiz NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-week-1-quiz-new

For more classes visit

http://www.assignmentcloud.com/

ACCT 444 Week 1 Quiz NEW

1. (TCO 3) The organization that is responsible for providing oversight for auditors of public companies is called the _____

2. (TCO 1) Which one of the following is not a field work standard?

3. (TCO 1) Which of the following is not an example of the application of professional skepticism?

4. (TCO 1) An operational audit has as one of its objectives to

5. (TCO 1) Which of the following services do not need to be preapproved by the audit committee of an issuer?

6. (TCO 3) The concept of materiality would be least important to an auditor when considering the

7. (TCO 3) Independence in auditing means

8. (TCO 3) The financial interests of which of the following parties would not be included as a direct financial interest of the CPA?

9. (TCO 1) The phrase U.S. generally accepted accounting principles is an accounting term that

10. (TCO 1) Which of the following items impairs independence under U.S. ethics standards but does not necessarily impair independence under the IFAC Code of Ethics for Professional Accountants?

1. (TCO 3) The Sarbanes-Oxley Act applies to which of the following companies?

2. (TCO 1) Which one of the following is not a field work standard?

3. (TCO 1) Which of the following is not an example of the application of professional skepticism?

4. (TCO 1) Any service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party is a(n) _____

5. (TCO 1) Which of the following statements is incorrect regarding the SEC’s partner rotation rules?

6. (TCO 3) The concept of materiality would be least important to an auditor when considering the

7. (TCO 3) Interpretations of Rule 101 prohibit covered members from owning any stock or other direct investment in audit clients. Covered members include all but which of the following?

8. (TCO 3) In some situations, the interpretations of the rules of conduct permit former partners to have relationships with a client of the firm without affecting the firm’s independence. Which of the following situations would not cause a loss of independence?

9. (TCO 1) Which of the following terms identifies a requirement for audit evidence?

10. (TCO 1) Which of the following statements best describes the ethical standard of the profession pertaining to advertising and solicitation?

DEVRY ACCT 444 Week 2 Quiz NEW

DEVRY ACCT 444 Week 2 Quiz NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-week-2-quiz-new

For more classes visit

http://www.assignmentcloud.com/

ACCT 444 Week 2 Quiz NEW

1. (TCO 4) In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if

2. (TCO 4) “Absence of reasonable care that can be expected of a person is a set of circumstances” defines

3. (TCO 4) While performing services for their clients, professionals have a duty to provide a level of care that is

4. (TCO 4) The objective of the ordinary audit of financial statements is the expression of an opinion on

5. (TCO 4) The auditor’s best defense when material misstatements are not uncovered is to have conducted the audit

6. (TCO 3) Which of the following is not one of the reasons that auditors provide only reasonable assurance on the financial statements?

7. (TCO 3) In the fraud triangle, fraudulent financial reporting and misappropriation of assets

8. (TCO 3) After fraud risks are identified and documented, the auditor should evaluate factors that _____ fraud risk, before developing an appropriate response to the risk of fraud.

9. (TCO 3) Which of the following statements describes circumstances that underlie employee incentives to misappropriate assets?

1. (TCO 4) If a CPA firm is being sued for common law fraud by a third party based on materially false financial statements, which of the following is the best defense the accountants could assert?

2. (TCO 4) “Absence of reasonable care that can be expected of a person is a set of circumstances” defines

3. (TCO 4) A third-party beneficiary is one that

4. (TCO 4) In the auditing environment, failure to meet auditing standards is often

5. (TCO 4) The responsibility for adopting sound accounting policies and maintaining adequate internal control rests with the

6. (TCO 3) The element that distinguishes an error from fraud is

7. (TCO 3) Which of the following is not one of the factors of the fraud triangle?

8. (TCO 3) After fraud risks are identified and documented, the auditor should evaluate factors that _____ fraud risk, before developing an appropriate response to the risk of fraud.

9. (TCO 3) Which of the following statements describes circumstances that underlie employee incentives to misappropriate assets?

10. (TCO 3) Which of the following characteristics is most likely to heighten an auditor’s concern about the risk of material misstatements, due to fraud in an entity’s

DEVRY ACCT 444 Week 3 Homework Problems NEW

DEVRY ACCT 444 Week 3 Homework Problems NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-week-3-homework-problems-new

For more classes visit

http://www.assignmentcloud.com/

­ ACCT 444 Week 3 Homework Problems NEW

7-27 (Objective 7-4) The following are examples of documentation typically obtained by auditors:

7-30 (Objective 7-4) Eight different types of evidence were discussed. The following questions concern the reliability of that evidence:

7-31 (Objective 7-4) As auditor of the Star Manufacturing Company, you have obtained

8-22 (Objective 8-7) Gale Gordon, CPA, has found ratio and trend analysis relatively useless as a tool in conducting audits. For several engagements, he computed the industry ratios included in publications by Standard and Poor’s and compared them with industry standards. For most engagements, the client’s business was significantly different from the industry data in the publication and the client automatically explained away any discrepancies by attributing them to the unique nature of its operations. In cases in which the client had more than one branch in different industries, Gordon found the ratio analysis no help at all. How can Gordon improve the quality of his analytical procedures?

8-33 (Objectives 8-3, 8-7, 8-8) Your comparison of the gross margin percent for Jones Drugs for the years 2008 through 2011 indicates a significant decline. This is shown by the following information:

9-33 (Objectives 9-6) Below are ten independent risk factors:

DEVRY ACCT 444 Week 3 Quiz NEW

DEVRY ACCT 444 Week 3 Quiz NEW

Check this A+ tutorial guideline at

http://www.assignmentcloud.com/acct-444-devry-university/acct-444-week-3-quiz-new

For more classes visit

http://www.assignmentcloud.com/

ACCT 444 Week 3 Quiz NEW

1. (TCO 6) Which of the following statements regarding documentation is not correct?

2. (TCO 6) When analytical procedures reveal no unusual fluctuations, the implication is that

3. (TCO 6) The primary purpose of performing analytical procedures in the testing phase of an audit is to

4. (TCO 6) Three common types of confirmations used by auditors are (1) negative confirmations where only a response is requested if the debtor disagrees with the amount, (2) positive confirmations with a request for information where the debtor is requested to respond and to include their believed balance, and (3) positive confirmations with the information included where the debtor is requested to respond and to confirm the balance we give them. If they were placed in the order of their competence, from highest to lowest, the sequence would be

5. (TCO 7) Analytical procedures used in planning an audit should focus on identifying

6. (TCO 7) A measure of how willing the auditor is to accept that the financial statements may be materially misstated after the audit is completed and an unqualified opinion has been issued is the

7. (TCO 7) Which of the following is not correct regarding the communications between successor and predecessor auditors?

8. (TCO 8) The FASB definition of materiality emphasizes what class of financial statement users?

9. (TCO 8) Auditors are _____ to decide on the combined amount of misstatements in the financial statements that they would consider material early in the audit.

10. (TCO 8) Which of the following is not a correct statement regarding the allocation of the preliminary judgment about materiality to balance sheet accounts?