ACC 491 Wk 1 Discussion – Auditing and Accounting

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss the differences between auditing and accounting. What overlap in skills exists, if any, between auditors and accountants? How do the responsibilities of auditors and accountants differ? How are they similar?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ACC 491 Wk 2 Discussion – Audit Goals

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

What are the goals of conducting an audit of financial statements and internal controls? Who typically conducts such audits, how often, and for whom?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ACC 491 Wk 3 Discussion – Materiality

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

“Material” has a different definition in accounting than it does in everyday life. What does “material” mean in the context of an audit, and who determines whether an item is material? How does the materiality of an item affect the acceptable and inherent risk borne by an audited company?

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ACC 491 Wk 4 Discussion – Internal Controls

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Discuss the meaning of “internal control” in the context of accounting. Then share five examples of internal control procedures designed to prevent fraud and accidental accounting errors.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

ACC 491 Wk 5 Discussion – Accounting IS

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Virtually all organizations have at least some information system infrastructure. Share at least five risks to accounting information systems, either from your work experience, the textbook, or from research the internet.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.