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ACC/490 ACC490 ACC 490 Week 4 Complete

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ACC 490 Week 4 Complete DQ1.Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion? DQ2.How does the auditor evaluate the results of audit procedures? What types of qualitative factors might the auditor consider when encountering an error? How might the results affect the audit conclusion? Individual Assignment – 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 Assignment – 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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