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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.
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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?
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ACC 491 Week 2 DQ 2