STRAYER ACC403 WEEK 9,10 AND WEEK 11 DISCUSSIONS
Question # 00056773
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Updated on: 03/23/2015 10:20 PM Due on: 04/12/2015
WEEK 9
"Testing Methods" Please respond to the following:
- According to the text, to minimize the risk of material misstatement, auditors seek third- party verification of account balances by mailing customers their statements. Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer response rates. Support your position.
- Discuss the difference between substantive test of transactions and substantive test of balances, and identify at least two (2) situations when an auditor should test account balances. Support your rationale with related examples of such circumstances.
WEEK 1O
"Audit Wrap-Up" Please respond to the following:
- Create a scenario that demonstrates specific ways in which management could manipulate transactions impacting inventory values that the auditing team might not detect. Recommend key strategies that the auditor could implement in anticipation of such manipulation. Justify your response.
- Discuss the difference between a subsequent event and a subsequent discovery of facts, and determine the auditor's responsibility for each event after the audit report is complete. Support your position.
WEEK 11
"Reflections" Please respond to the following:
- Analyze at least three (3) concepts that you found eye opening that you were not aware of before taking this course.
- Discuss your career goals and how taking this course shaped your decision to pursue a career in the auditing profession.
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Rating:
/5
Solution: STRAYER ACC403 WEEK 9,10 AND WEEK 11 DISCUSSIONS