ACC 491 TUTOR Education Terms/acc491tutor.com ACC 491 TUTOR Education Terms/acc491tutor.com | Page 3

 Describe the elements of the Generally Accepted Auditing Standards (GAAS).  Describe how these standards apply to financial, operational, and compliance audits.  Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.  Discuss the additional requirements that are placed on auditors from this Act, and the actions of the PCAOB. =================================================== ACC 491 Week 2 DQ 1 FOR MORE CLASSES VISIT www.acc491tutor.com What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit? =================================================== ACC 491 Week 2 DQ 2 FOR MORE CLASSES VISIT www.acc491tutor.com What are the components of the audit risk model? How does the audit risk model impact an audit plan? =================================================== ACC 491 Week 2 Individual Assignments From the Text FOR MORE CLASSES VISIT www.acc491tutor.com