2024 – Individual Generally Accepted Auditing Standards Paper Prepare a 700 to 1 050 word paper in which you explain the nature and

2024 – Individual Generally Accepted Auditing Standards Paper Prepare a 700 to 1 050 word paper in which you explain the nature and.

IndividualGenerally Accepted Auditing Standards Paper

Prepare a 700- to 1,050-word paper in which you explain the nature and functions of auditing.

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Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.

Address the following in your paper:

Generally accepted auditing standards

·Describe the elements of the Generally Accepted Auditing Standards (GAAS).

·Describe how these standards apply to financial, operational, and compliance audits.

·Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

·Discuss the additional requirements that are placed on auditors from this act and the actions of the PCAOB.

Format your paper consistent with APA guidelines.

earning Team

Auditing, Attestation, and Assurance Services Paper

Prepare a 1,050- to 1,400-word paper in which you compare and contrast auditing, attestation, and assurance services. In your paper, address the following:

Type

·An example of each type of service

·Who might request such a service?

·What standards apply to each service and who establishes those standards?

Format your paper consistent with APA guidelines.

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Ch. 5, 6, & 7 Textbook Exercises

Resources: Ch. 5, 6, & 7 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting.

·Ch. 5: Comprehensive Questions 5-30 – Assertions

Comprehensive questions 6-22 – audit evidence

·Ch. 6: Comprehensive Questions 6-22 – Audit Evidence

·Ch. 7: Comprehensive Questions 7-22 – Understanding the Entity and its Environment

Learning Team

Assessing Materiality and Risk Simulation

Resources: Assessing Materiality and Risk simulation on student website

Complete the Assessing Materiality and Risk simulation located on the student website.

Prepare a 350-word response to following questions after completing the simulation:

·Why do certain accounts have to be audited 100%?

·Why is materiality allocated only to those accounts that are sampled?

·Is any component of audit risk within the control of the auditor? Explain.

Audit risk inter-related

·How are the three risks that make up audit risk inter-related?

Learning Team

Ch. 6 & 7 Textbook Exercises

Resources: Ch. 6 & 7 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

Prepare written answers to the following assignments from the text Modern Auditing: Assurance Services and the Integrity of Financial Reporting:

·Ch. 6: Comprehensive Question 6-26 – Audit Programs and Assertions

·Ch. 7: Case 7-25 – New Client Acceptance, Part b

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Ch. 8, 10, & 11 Textbook Exercises

Resources: Ch. 8, 10, & 11 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting:

·Ch. 8: Comprehensive Questions 8-16 – Analytical procedures

·Ch. 10: Comprehensive Questions 10-32 – Components of Internal Control

·Ch. 11: Comprehensive Questions 11-21 – Assessing Control Risk

Learning Team

Apollo Shoes Case Assignment

Resources: Apollo Shoes Case materials located on the student website

Complete the Internal Control audit section of the case using the Apollo Shoes Case materials, available under the Assessment section of Week Three on the student website.

Review the Planning section, with emphasis on the Apollo Accounting and Control Procedures Manual and the Apollo Shoes Minutes, before completing the Internal Control audit section.

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Ch. 11 & 13 Textbook Exercises

Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting:

·Ch. 11: Learning Checks 11-6, 11-8, & 11-9

·Ch. 13: Learning Check 13-8

Learning Team

Audit Sampling Case Memo and Presentation

Resources: Ch. 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

Prepare a 1,400- to 1,750-word memo to the Audit Partner, John Smith, summarizing your findings from the following case found in Ch. 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting:

·Case 13-36 – Mt. Hood Furniture—PPS Sampling Problem

Format your memo consistent with APA guidelines.

Prepare a 10- to 15-slide Microsoft® PowerPoint® presentation illustrating your Audit Sampling Case Memo.