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ACC 562 Complete Course




ACC 562 Complete Course;ACC 562 Week 1 Discussion;Unbiased Reporting" Please respond to the following;Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response.;Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion.;ACC 562 Week 2 Discussion;Topic of Discussion" Please respond to the following;Analyze the changes made to corporate governance rules since the implementation of the Sarbanes?Oxley Act of 2002. Based on your analysis, formulate an opinion on whether or not these changes are sufficient in preventing financial fraud. Provide a rationale for your response.;Debate it! Audit committees are an effective tool for detecting and preventing fraud. Provide a rationale for your response.;ACC 562 Week 3 Discussion;Application of Ethical Framework" Please respond to the following;From the case study, use the ethical framework to propose a course of action that you would take concerning the audit. Provide a rationale for your response.;Imagine that you work for an audit firm and the firm selected you to assess its auditor independence and the potential threats to the firm. Determine at least two (2) potential threats to auditor independence and recommend one (1) strategy for the firm to eliminate or mitigate those threats you determined.;ACC 562 Week 3 Assignment Assignment 1: Madoff Securities;Due Week 3 and worth 280 point;Review the Madoff Securities case, located in Chapter 6 of your textbook.;Write a four to five (4-5) page paper in which you;1. Determine the regulatory oversight that was in place while the Ponzi scheme was operating, and speculate on the main reasons why they did not discover the scheme.;2. Assume you are an auditor for a firm that had $10 million dollars invested in Madoff Securities.;3. Determine the fundamental audit procedures that you should have applied to this investment.;4. Predict the way in which a peer review of Friehling and Horowitz would have uncovered the scheme related to Madoff Securities.;5. Pretend you are Harry Markopolos and suggest one (1) strategy, different from that of the case study, to expose the potential fraud. Provide a rationale to support the suggestion.;6. Analyze the role of the audit committee for Madoff Securities in regard to the discovery of Ponzi scheme, and suggest one (1) action the audit committee could have taken in order to prevent or detect the fraud. Provide a rationale to support the suggestion.;7. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar type Websites do not qualify as academic 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 562 Week 3 Discussion;Professional Standards" Please respond to the following;From the first e-Activity, determine at least two (2) AICPA Professional Conduct principles that are most likely to be violated. Provide a rationale to support your response.;From the second e-Activity, recommend at least two (2) additional responsibilities that the audit committee should take in order to improve its effectiveness in detecting or preventing financial fraud. Provide a rationale to support your recommendation.


Paper#31454 | Written in 18-Jul-2015

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