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 .