ACC 490 Week 2

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ACC 490 Week 2

Individual Ch. 1 Textbook Exercise

Resources: Ch. 1 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting

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

Ch. 1: Comprehensive Question 1-23 Organizations Associated with the Public Accounting Profession

Learning 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:

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.

Discussion Questions

What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?

What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?

The third generally accepted standard of audit fieldwork requires that auditors obtain sufficient, competent audit evidence to afford a reasonable basis for an opinion regarding the financial statements under examination. In considering what constitutes sufficient, competent audit evidence, a distinction should be made between underlying accounting data and all corroborating information available to the auditor. What presumptions can be made about the following?

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