Ethics Question Humanities Assignment Help

• • 1. Which consultant generated the most revenue?
    2. Which consultant had the most hours entered?
    3. If you look at the total hours Brant entered and compared that to the total hours that Kade entered then compare that to the total revenue that each generated, explain why Kade generated more revenue than Brant.
    4. Which consultant generated the most revenue from doing “CRM Form Customizations”?
    5. When looking at Company 1 and Company 2 combined, which consultant generated the most revenue?
    6. When looking at Company 1 and Company 2 combined, which consultant entered the most hours?
    7. Explain why the Andrea Johnson has the most total hours tied to Company 1 and Company 2 combined but has the least amount of total revenue for those two customers.

ESSAYS (Use as many pages as you find necessary).

1. AUDITS

a. What is an audit? Why is it important?

b. What role does auditing play in society?

c. What is an audit committee and why is it important?

d. What are Working Papers and why are they important?

2. GAAS

Generally Accepted Auditing Standards (GAAS) are 10 general guidelines to aid auditors in fulfilling their professional responsibilities. Briefly list and describe the 10 GAAS.

3. DEFINITIONS

Define the following terms and give an example of each.

• Fraud.
• Materiality.
• Integrity.

4. AUDIT OPINIONS

a. List and describe 4 similarities and 4 differences between the Standard Unqualified Audit Report of a Nonpublic Company and a Standard Unqualified Audit Opinion for Public Companies.

b. Special unqualified audit reports may be issued. List and describe 3 circumstances under which a special report may be issued.

c. Besides an unqualified report, list the 3 other types of reports that may be issued by an auditor. Describe the circumstances under which each report may be issued.

5. SOX

The Sarbanes-Oxley Act of 2002 made significant reforms for public companies and their auditors.
a. Describe the events that led up to the passage of the Act.
b. Describe 5 of the major reforms made by the Act.

6.MATERIALITY

a. Materially is an important concept in auditing. Define the term materiality.

b. Give an example of a situation that can be considered material. Explain why you consider it to be material.

c. How does materiality affect the audit of financial statements and reporting decisions?

7. ASSERTIONS REGARDING FINANCIAL STATEMENTS

a. What are assertions?

b. Who makes these assertions?

c. What is the auditor’s responsibility regarding the financial statements?

d. List and describe 7 assertions regarding the financial statements.

8. ETHICS & PROFESSIONAL RESPONSIBILITIES

a. What is Ethics? List and describe 3 Theories of Ethical Behavior.

b. Why is it important for an Auditor to behave ethically?

c. Summarize the auditor’s professional responsibilities.

d. What is independence? An auditor may be independent of mind but not of appearance. Explain the difference between the two. Why are both important?

e. The auditor’s independence rules also apply to covered members. Who are covered members? List and describe 4 covered members.

9. AUDITORS LIABILITY

a. Explain the difference between common law and statutory law.

b. Under common law, describe the auditor’s liability;

c. List and describe the categories of parties that may be involved? What must be proven by the parties; what are the auditor’s possible defenses?

d. List and describe the SEC Act of 1933 and 1934.Who are the parties that the auditor may be liable to under these Acts? What must be proven by them against auditors? What are the auditor’s possible defenses?

e. List and describe 5 steps that an auditor should take in order to prevent litigation.

10. AUDIT ACCEPTANCE & PLANNING

You are an experienced CPA and have been assigned to be the in-charge auditor to audit the financial statements of Montclair Company, a publicly held company for the first time. If you accept the engagement, you will supervise 3 assistants on the engagement and will be required to communicate with the predecessor auditor.

• List the steps that you would take before accepting a new client.
• List and describe the steps that you should take immediately after accepting a new audit client.
• List and describe the items that should be included in the engagement letter. Describe the benefits derived from the engagement letter.
• List and describe the steps involved in a financial statement audit.

11. NEW U.S. AUDITING REPORTING STANDARD

In response from the outcry from the public, several countries have enacted a new Auditing Standard. The U.S. has also enacted a new audit reporting standard.

• What type of companies does the new U.S. Audit Reporting Standard apply to?
• When does the Standard become effective?
• What are the major components of the new U.S. Standard?
• What impact will the new Standard have on the following parties:
  • The Financial Statement Users.
  • The Auditors.
  • The Companies’ Management.
  • The Standard setters and regulators.

Your instructor will grade your peer reviews of your classmates’ projects based on three criteria:

1) the quantity;

2) the quality; and

3) the tone of your comments.

Quantity: At minimum, you are required to compose the following: five in-text comments that address particular passages in the essay; three rubric-criteria comments (on Focus, Evidence, Organization, etc.) that address larger areas of concern; two Community Comments that point out patterns of difficulty that should be analyzed and corrected; and one substantial “Overall Comments” note that discusses the paper as a whole.

Quality: Your comments should be specific, textually grounded, accurate, and detailed. You are expected to indicate particular passages in your classmates’ essays, state what is or is not working, and provide clear suggestions for improvement. Avoid simple statements of approval or disapproval, like “this doesn’t make any sense,” “this is good,” or “I liked/did not like this” unless accompanied by a “because” statement.

Tone: As with all academic writing, you are expected to maintain a tone appropriate to your audience. Your comments should demonstrate respect, support, and empathy for the writer; use formal, academic diction; and avoid racist or sexist language.

In-Text Comments: Your in-text comments should include specific suggestions for revision by providing five in-text comments and two Community Comments. That is, your feedback should indicate particular passages (words, phrases, sentences, or paragraphs) in the essay, and provide specific and thoughtful suggestions for improvement.

Rubric-Criteria Comments and Overall Comments: You should focus on the overall concerns, providing complete, evaluative sentences for at least three of the rubric categories and complete, thoughtful sentences to the “Overall Comments” that discuss the paper as a whole.

Prepare this assignment as a 1,500-1,750 word paper using the instructor feedback from the Topic 1, 2, and 3 assignments and the guidelines below.

Please revise the instructor’s comments and make a final assignment submission.

PICOT Statement

Revise the PICOT statement you wrote in the Topic 1 assignment.

The final PICOT statement will provide a framework for your capstone project (the project students must complete during their final course in the RN-BSN program of study).

Research Critiques

In the Topic 2 and Topic 3 assignments you completed a qualitative and quantitative research critique. Use the feedback you received from your instructor on these assignments to finalize the critical analysis of the study by making appropriate revisions.

The completed analysis should connect to your identified practice problem of interest that is the basis for your PICOT statement.

Refer to “Research Critique Guidelines.” Questions under each heading should be addressed as a narrative in the structure of a formal paper.

Proposed Evidence-Based Practice Change

Discuss the link between the PICOT statement, the research articles, and the nursing practice problem you identified. Include relevant details and supporting explanation and use that information to propose evidence-based practice changes.

Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.