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ACC 499 Week 9 DQ 1 Internal Controls and DQ 2 Apple,
Inc
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Week 9 Discussion 1
"Internal Controls" Please respond to the following:
From the e-Activity, examine the importance of the audit
committee oversight related to the quality of the internal controls of
an organization. Analyze the audit committee’s responsibilities
regarding risk assessment and internal control monitoring. Indicate
whether or not the audit committee is the best to perform the function.
Contrast the opinion provided by the independent auditor
concerning management’s assessment of internal controls over the
financial reporting system with the audit opinion on the financial
statements in general. Argue for providing both a qualified opinion
over the financial reporting system and an unqualified opinion on the
financial statements.
Week 9 Discussion 2
"Apple, Inc." Please respond to the following:
From the case study, in 2009, the FASB issued a ruling related to
income recognition from multiple element sales involving software to