Emerging Auditing Issues

Assignment

_

Emerging Auditing Issues

DUE: November 09, 2018 by

6:00 pm / 18:00 hrs

Search the Internet for hot topics and emerging issues of financial statement fraud and other

fraudulent act committed by publically traded companies, including those

identified by the PCAOB.

Consider the topics, trends, and longevity of those issues identified.

Write a six to eight (6

-

8) page paper:

1.

Create an argument in agreement or disagreement that the creation of the PCAOB has been

effective with improving the re

liability of audited financial statement for the public users of the

information. Provide support for your position.

2.

Assess the impact of the PCAOB to the accounting profession, given the shift from self

-

regulation to federally regulated. Provide a

ratio

nale for your assessment.

3.

Evaluate whether or not the PCAOB should issue additional regulations regarding the

responsibility for corporate officers and auditors of financial statements, indicating the resulting

impact to financial statement integrity. Pro

vide support for your rationale.

4.

Determine the impact that SOX regulat

ion has on the internal control

environment.

Speculate

on the level of testing necessary to provide assurance of completeness and accuracy for

CEOs to certify the company’s financial

statements. Provide support for your rationale.

5.

Assess how the System Design Life Cycle model would impact the emerging issue. Provide

supp

ort for your rationale.

6.

Recommend a strategy for dealing with the emerging issue and determine the types of fraud

s

chemes that might go undetected if your recommendations are not implemented. Provide

s

upport for your recommendation.

Use at least

five

(

5)

quality resources in this assignment.

NOTE

:

Wikipedia and similar Websites do no

t qualify as quality resources.

Your assignment must follow these formatting requirements:

·

Be typed, double spaced, using Times New Roman font (size 12), with

1”

margins on all sides;

citations and references must follow APA format.

·

The cover page and the reference page are not

included in the r

equired assignment page

length.

The specific course learning outcomes associated with this assignment are:

·

Evaluate auditing procedures and techniques to audit the revenue and expense cycles to meet

various business requirements.

·

Use

technology and information resources to research issues in emerging auditing

technologies.

Assignment_Emerging Auditing Issues

DUE: November 09, 2018 by 6:00 pm / 18:00 hrs

Search the Internet for hot topics and emerging issues of financial statement fraud and other

fraudulent act committed by publically traded companies, including those identified by the PCAOB.

Consider the topics, trends, and longevity of those issues identified.

Write a six to eight (6-8) page paper:

1. Create an argument in agreement or disagreement that the creation of the PCAOB has been

effective with improving the reliability of audited financial statement for the public users of the

information. Provide support for your position.

2. Assess the impact of the PCAOB to the accounting profession, given the shift from self-

regulation to federally regulated. Provide a rationale for your assessment.

3. Evaluate whether or not the PCAOB should issue additional regulations regarding the

responsibility for corporate officers and auditors of financial statements, indicating the resulting

impact to financial statement integrity. Provide support for your rationale.

4. Determine the impact that SOX regulation has on the internal control environment. Speculate

on the level of testing necessary to provide assurance of completeness and accuracy for

CEOs to certify the company’s financial statements. Provide support for your rationale.

5. Assess how the System Design Life Cycle model would impact the emerging issue. Provide

support for your rationale.

6. Recommend a strategy for dealing with the emerging issue and determine the types of fraud

schemes that might go undetected if your recommendations are not implemented. Provide

support for your recommendation.

Use at least five (5) quality resources in this assignment.

NOTE: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

 Be typed, double spaced, using Times New Roman font (size 12), with 1” margins on all sides;

citations and references must follow APA format.

 The cover page and the reference page are not included in the required assignment page

length.

The specific course learning outcomes associated with this assignment are:

 Evaluate auditing procedures and techniques to audit the revenue and expense cycles to meet

various business requirements.

 Use technology and information resources to research issues in emerging auditing

technologies.