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Discuss the additional requirements that are placed on auditors from this Act , and the actions of the PCAOB . =================================================== ACC 491 Week 2 DQ 1
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

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Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing . Relate your explanation to the audit functions in your organization , or an organization with which you are familiar . In your paper , be sure to address the following :
� 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

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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