ACC 574 Week 2 Assignment 1 SOX Regulations

Review the Student Guide to Sarbanes-Oxley Act (SOX) located in Week 1 of the course shell, and other current activity or trends related to SOX compliance and implementation for publically traded companies.

Write a five to seven (5-7) page paper in which you:

1.      Assess the sections of SOX, indicating the sections that you believe have the most impact on companies. Provide support for your rationale.

2.      Assess the sections of SOX, indicating those sections that have the greatest impact on the external auditor. Provide support for your rationale.

3.      Evaluate the external auditors’ response options requesting the external auditor to limit testing and the scope of an audit engagement by giving consideration to the ethical requirements and the auditor’s responsibility imposed by the Public Company Accounting Oversight Board (PCAOB). Recommend that based option providing a justification for your recommendation.

4.      Evaluate the cost / benefit ratio for most companies required to comply with SOX. Indicate whether the benefits are equivalent to the cost for minimizing the risk of accounting fraud. Provide support for your analysis.

5.      Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources

ACC 574 Week 4 Assignment 2 Operating and Database Systems

Imagine that you have been selected as the consultant to design a new computer system for an investment company. Write a five to seven (5-7) page paper in which you:

1.      Discuss the considerations for implementing an operating and database system. Recommend the optimum system, considering the types of revenue and expense transactions for this company.

2.      Assess the issues related to data management, key elements of the database environment, controlling and auditing data management, and the related risk to an organization. Discuss possible strategies to mitigate those risks of installing a database without adequate controls.

3.      Analyze the six (6) broad classes of control activities defined by Committee of Sponsoring Organizations (COSO) and determine how they will impact the database design.

4.      Recommend the appropriate database structure for the types of transactions that will be entered and whether the computer operations would be more effective if they were centralized or decentralized.

5.      Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

·         Assess how security and controls processes related to networks, operating systems, and data management are designed and implemented to create sufficient controls over organizational assets.

·         Use technology and information resources to research issues in emerging auditing technologies.

·         Write clearly and concisely about emerging auditing technologies using proper writing mechanics.

ACC 574 Week 6 Assignment 3 PWC Audit Scandal and Fraud

Read the article about Price Waterhouse Coopers (PWC) and its association with the worst accounting fraud in India related to its audit of Satyam Computer Services, Ltd. titled “Price Waterhouse Auditors Arrested in Satyam Inquiry (Update 1)” and located here. Search the Internet for other related articles. Write a six to eight (6-8) page paper in which you:

1.      Create an argument supporting that the requirements of SOX have reduced corporate fraudulent activity due to the requirements placed on public accounting firms, thereby providing greater assurances to public users of financial information. Provide support for your argument.

2.      Evaluate the issues related to the audit of Satyam Computer Services Limited, indicating whether or not PWC followed auditing standards in rendering its audit opinion of the company. Provide support for your rationale.

3.      Assess whether PWC relied too heavily on the established system of internal controls and neglected to perform sufficient testing of transactions using effective computer-aided audit tools. Provide a rationale for your recommendation.

4.      Analyze whether PWC neglected to sufficiently test transactions or whether it could have relied on the audit of Internal Control to limited testing in those areas, indicating any consequences related to their decision. Provide support for your conclusion.

5.      Support your position for whether or not PWC met its responsibility of “Due Care” based on the requirements placed on auditors by PCAOB.

6.      Suggest improvements needed to external auditing firms and the accounting profession to reduce the number of audit scandals and fraudulent activity within publically traded companies. Provide support for your suggestions.

7.      Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

·         Analyze various fraud schemes, determine the implications for the audit, and identify fraud detection techniques.

·         Use technology and information resources to research issues in emerging auditing technologies.

·         Write clearly and concisely about emerging auditing technologies using proper writing mechanics

ACC 574 Week 8 Assignment 4 Emerging Auditing Issues

Search the Strayer databases or Internet for hot topics and emerging issues of financial statement fraud and other fraudulent act committed by publically traded companies, including those identified by the PCAOB. Consider the topics, trends, and longevity of those issues identified. Write a six to eight (6-8) page paper in which you:

1.      Create an argument in agreement or disagreement that the creation of the PCAOB has been effective with improving the reliability of audited financial statement for the public users of the information. Provide support for your position.

2.      Assess the impact of the PCAOB to the accounting profession, given the shift from self-regulation to federally regulated. Provide a rationale for your assessment.

3.      Evaluate whether or not the PCAOB should issue additional regulations regarding the responsibility for corporate officers and auditors of financial statements, indicating the resulting impact to financial statement integrity. Provide support for your rationale.

4.      Determine the impact that SOX regulation has on the internal control environment. Speculate on the level of testing necessary to provide assurance of completeness and accuracy for CEOs to certify the company’s financial statements. Provide support for your rationale.

5.      Assess how the System Design Life Cycle model would impact the emerging issue. Provide support for your rationale.

6.      Recommend a strategy for dealing with the emerging issue and determine the types of fraud schemes that might go undetected if your recommendations are not implemented. Provide support for your recommendation.

7.      Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length

ACC 574 Week 10 Assignment 5 Comprehensive Audit Plan

For the hot topic in emerging issues identified in Assignment 4, identify a company in that industry and respond to the following questions. Consider the concepts covered in the course material and in anticipation of issuing a qualified audit report. Write a five to seven (5-7) page paper in which you:

1.      Make recommendations on the requirements for the feasibility study and discuss the pros and cons for the design of SDLC with a recommendation for an optimal time frame for each stage.

2.      Make recommendations for the optimal computer operating system to address the emerging issue.

3.      Discuss the internal control considerations, and identify issues and risk mitigation strategies.

4.      Recommend an optimal revenue and expense cycle to capture transactions, including documentation requirements.

5.      Determine what future issues could impact the design of the SDLC and discuss the design features in your proposed SDLC that could be modified to address those issues.

6.      Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

·         Assess the impact of the Sarbanes-Oxley Act and other regulatory requirements on the ability of public accounting firms and professionals’ ability to provide advisory services.

·         Evaluate the conceptual framework model that links general controls, application controls, and financial data integrity, and the sufficiency related to establish internal controls.

·         Use technology and information resources to research issues in emerging auditing technologies.

·         Write clearly and concisely about emerging auditing technologies using proper writing mechanics.

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Status NEW Posted 21 Apr 2017 10:04 AM My Price 60.00

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file 1496055422-ACC 574 Week 2 Assignment 1 SOX Regulations_1492769051.docx preview (2053 words )

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file 1496055428-ACC 574 Week 4 Assignment 2 Operating and Database Systems_1492769067.docx preview (1835 words )

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file 1496055436-ACC 574 Week 6 Assignment 3 PWC Audit Scandal and Fraud_1492769097.docx preview (2315 words )

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file 1496055441-ACC 574 Week 8 Assignment 4 Emerging Auditing Issues_1492769116.docx preview (2326 words )

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file 1496055446-ACC 574 Week 10 Assignment 5 Comprehensive Audit Plan_1492769132.docx preview (1703 words )

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