ACC 492 All Discussions

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ACC 492 Wk 1 Discussion – Audit Sampling

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:

As auditors move from the planning phase to the fieldwork phase of an audit, they recognize they will not be able to test all transaction in order to offer their opinion on the financial statements. Therefore, various sampling techniques and principles have been developed to assist the auditor in providing adequate coverage and a reliable opinion using samples of transactions.

Discuss audit sampling for tests of details of balances and for tests of controls and substantive tests of transactions. How do they differ?

Due Monday

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

ACC 492 Wk 2 Discussion – Audit Procedures

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:

An audit program relates to the cash, sales and receivables cycles and accounts.

Discuss audit procedures for the audit of accounts receivable. How does this apply to your chosen organization?

Due Monday

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

ACC 492 Wk 3 Discussion – Control Testing

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:

An audit program relates to the inventory/warehousing and payroll cycles and accounts.

Discuss tests of controls and substantive tests of transactions for the payroll and personnel cycle. How does this apply to your chosen organization?

Due Monday

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

ACC 492 Wk 4 Discussion – Testing Notes Payable

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:

An audit program relates to the acquisition, fixed assets, notes payable and equity cycles and accounts.

Discuss audit tests of notes payable and related accounts and transactions. How does this apply to your chosen organization?

Due Monday

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

ACC 492 Wk 5 Discussion – Contingent Liabilities

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:

The final phase of an audit is addressing contingent liabilities and their relation to the audit.

Discuss a review for contingent liabilities, letters from the client’s lawyers and post-balance-sheet review for subsequent events. How does this apply to your chosen organization?

Due Monday

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