ACC 491 Week 3 Team Assignment Assessing Materiality
and Risk Simulation
FOR MORE CLASSES VISIT www. acc491tutor. com
Resource: Modern Auditing: Assurance Services and the Integrity of Financial Reporting Prepare written answers to the following assignments:
1. Chapter 5: Comprehensive Questions 5-30 – Assertions 2. Chapter 6: Comprehensive Questions 6-22 – Audit Evidence 3. Chapter 7: Comprehensive Questions 7-22 – Understanding the Entity and its Environment ===================================================
ACC 491 Week 3 Team Assignment Assessing Materiality
and Risk Simulation
FOR MORE CLASSES VISIT www. acc491tutor. com
Resources: Assessing Materiality and Risk located on the Week Two Materials page 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.