ACC 410

Wade Corporation has been your audit client for several years. At the beginning of the current year, the company changed its method of inventory valuation from average cost to last in, first out (LIFO). The change, which had been under consideration for some time, was in your opinion a logical and proper step for the company to take. What effect, if any, will this situation have on your audit report for the current year? Remember to complete all

Highest Level of Deficiency Case Complete Case 18-37 (p. 724-725) and submit to instructor. For each of the following independent cases state the highest level of deficiency that you believe the circumstances represent--a control deficiency, a significant deficiency, or a material weakness. Explain your decision in each case. Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment

“The best means of verification of cash, inventory, office equipment, and nearly all other assets is a physical count of the units; only a physical count gives the auditors complete assurance as to the accuracy of the amounts listed on the balance sheet.” Evaluate this statement. Remember to complete all parts of the problems. Do not forget to show the necessary steps and explain how you attained that outcome. Respond to at least two

Read the article, “House Counts on Honor Amongst Thieves: Votes Against Mandatory Auditor Rotation.” Based on the information presented in the article, discuss the following: • What is the main theme of this article; what is the author’s concern? • What are the pros and cons regarding auditor rotations? Use facts from the article to support each. • What is your opinion? Should rotation be required; why o

Generally Accepted Auditing Standards Complete problem below and submit to your instructor. Write under the generally accepted auditing standards column the specific standard that was violated and how the action of Jones resulted in a failure to comply with each standard. Organize your answer as shown below; specifically with a column for the standard that was violated and a column for the required action. The paper should be 2-3 pages. Pr

Ashford University ACC 410 Week 1 to Week 5 Complet Course