Graduate Auditing Assignments

Assignment #2 -- Gleim Software Instructions

Gleim Software Instructions

Assignment #3 -- Gleim Subject Breakdown

Gleim Subject Breakdown

Instructions

Site One
AuditNet resource site is the premier collection of auditing resources on the Internet. Choose the link that says AuditNet Links which will take you to the auditing resources list. Scroll down and choose the KARL (in alpha order) link. Scroll down and start clicking a few of the letters to get a feel for the depth and breadth of the resources available to you. Choose three sites that interest you and check them out. Point one of your email to me should list the names of the sites you chose and a brief description of them. Now go back to the main screen and choose the link that says Audit Programs. Choose by type and scroll through to get a feel for the different kinds of audit programs available. Choose one and read the audit procedures. Point two of your email should tell me the program you chose and should list two audit procedures that related to each of the five financial statement assertions (PERCV)--so you will have ten items. Now choose a different audit program. Point three of your email should have the five financial statement assertions listed and one procedure you choose for each assertions. Some audit programs on Karl already identify which procedures belong to which assertions. DO NOT CHOOSE THOSE AUDIT PROGRAMS.

Site Two
We have talked about the importance of understanding a company's industry before being able to audit the company effectively. An excellent resource on how to learn about a given industry is the Industry Tutor. Read through the 10 steps to learning about an industry and familiarize yourself with the names of these different sources of industry information. Most of these are well known in the business world--unfortunately, many of these are pay services so we won't be able to access the info itself. The point of going to this site is to simply give you an idea of the kind of resources that will be available to you (once you work for a company willing to pay for this stuff!!!) However, to give you an idea of what is out there follow the Hoovers Online link in Step 6. Click on the Take the Tour Link.  Explore this link and list five new things you have learned as point four of your email to me.  Please note that in Step One the SIC codes we all grew up with as the industry classification system (which are crucial when comparing companies) are being replaced by the newer North American Industry Classification System (NAICS).

Assignment #6 -- Analytical Procedures Case

Part I-- Web Work Instructions

Part II--Ratio analysis

Study problem 1 and the answer. Then answer the questions in Problem 2 as Points 9 and 10 in the email you started to me in Part I of this assignment.

Problem 1
Problem 2

Part One: Auditors Sharing Audit Programs

The AuditNet site contains a variety of audit programs submitted by auditors around the world (follow the yellow folder to access the programs). Choose three audit programs you find interesting and read them. Identify two procedures from among these programs that relate to each of the five financial statement assertions. (So your answer will have ten--not thirty--total procedures listed). Lastly, choose any three procedures and identify an error that each procedure might be expected to detect.

Part Two: Write your own audit program

Using the approach we discussed in class develop an audit program for inventory.

E-mail me your answer. The Subject should say: audit program.

XBRL--Software demo, one of the hottest new tech affecting the business world

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Computerized Auditing Using ACL

Computerized ACL Answer Sheet

ACL Project Quiz

Chapter 25 and 26 Review Questions