� Why do certain accounts have to be audited 100 %? � Why is materiality allocated only to those accounts that are sampled? � Is any component of audit risk within the control of the auditor? Explain. � How are the three risks that make up audit risk interrelated? =================================================== ACC 491 Week 3 Team Assignments From the Text
1. Chapter 6: Comprehensive Question 6-26 – Audit Programs and Assertions 2. Chapter 7: Case 7-25 – New Client Acceptance, part b only � =================================================== ACC 491 Week 4 DQ 1
Complete the simulation and prepare a 350-word total( not per question) response to the following questions:
� Why do certain accounts have to be audited 100 %? � Why is materiality allocated only to those accounts that are sampled? � Is any component of audit risk within the control of the auditor? Explain. � How are the three risks that make up audit risk interrelated? =================================================== ACC 491 Week 3 Team Assignments From the Text
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Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare written answers to the following assignments:
1. Chapter 6: Comprehensive Question 6-26 – Audit Programs and Assertions 2. Chapter 7: Case 7-25 – New Client Acceptance, part b only � =================================================== ACC 491 Week 4 DQ 1
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What are some of the different types of sampling methods that are available to the auditor? How does the auditor decide which method to use? How will the different methods affect the audit?