Acc 403 Week 8 Assignment 2 - 1144 Words

ACC 403 WEEK 8 ASSIGNMENT 2 To purchase this visit here: http://www.activitymode.com/product/acc-403-week-8-assignment-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 8 ASSIGNMENT 2 – AUDIT PLANNING AND CONTROL It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company’s financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) standards. Use the Internet to select a public accounting company that appeals to you. Imagine that you are a senior†¦show more content†¦Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit. 2. Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection which should include, but not be limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. 1. Discuss the audit risk model, and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response. 2. Assuming that the end result is an unqualified audit report, outline the primary responsibilities of the audit firm after it issues the report in question. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Activity mode aims to provide quality study notes and tutorials to the students of ACC 403 Week 8 Assignment 2 – Audit Planning and Control – Strayer Latest in order to ace their studies. ACC 403 WEEK 8 ASSIGNMENT 2 To purchase this visit here: http://www.activitymode.com/product/acc-403-week-8-assignment-2/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 403 WEEK 8 ASSIGNMENT 2 – AUDIT PLANNING AND CONTROL It is common industry knowledge that an audit plan provides the specificShow MoreRelatedAcc 403 Week 7 Discussion Acc403 Week 7 Discussion2290 Words   |  10 PagesComplete Course Week 1 to Week 11 Click below link for Answer visit www.workbank247.com http://workbank247.com/q/acc-403-complete-course-week-1-to-week-11/9673 http://workbank247.com/q/acc-403-complete-course-week-1-to-week-11/9673 ACC 403 Week 1 Discussion Auditors Role and Responsibilities Please respond to the following: Compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over financial reporting. Identify at least two (2) objectivesRead MoreAcc 4035354 Words   |  22 Pages[pic] |Auditing – ACC 403 | |Student Course Guide | |Prerequisite: ACC 304 | | | Read MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesincrease the ï ¬â€šexibility for teachers. Combined with the illustrations and the short case examples at the end of each chapter (in both versions of the book) this increases the reader’s and tutor’s choice. For example, when deciding on material for Chapter 2, the case example, Global Forces and the European Brewing Industry, tests a reader’s understanding of the main issues inï ¬â€šuencing the competitive position of a number of organisations in the same industry with a relatively short case. For a case thatRead MoreIncome Taxation Solutions Manual 1 300300 Words   |  1202 Pagesthe main issues of each segment. Where applicable, tax rates are assumed to be: Individual Corporation - dividends (eligible) - dividends (ineligible) - other income - SBD income - ABI over $500,000 - investment income 28% 33% 45% 15% 25% 44 2/3% (38 + 6 2/3) Incorporation of Proprietorship The primary benefit of incorporation is the ability to use the small business deduction on $500,000 of annual business income. Based on the existing profit the annual tax saving will be: Current taxes: .45 x