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Do you work hard to achieve good grades, but does not get success at that level? Studentwhiz has found out a simple yet interesting way to help its students achieve good grades by learning in a smart way through University of Phoenix ACC 491 - Week 1 - Complete Solutions and ACC 491 - Week 1 - Complete Course. Our main motive is that our students should pass their exams with flying colors. ACC 491 - Week 1 - Complete Study Material and ACC 491 - Week 1 - Complete Guide are also been provided so that students can learn from them. On our learning portal you will get study material which is 100% updated and imparted by our experts.

ACC 491 - Week 1 - Complete

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Course Detail:

DQ1.Describe some of the differences that exist among financial, operational, compliance and fraud audits? What types of auditors perform each of the different kinds of audits? What types of certification would be helpful for each type of auditor?


DQ2.What are the factors that drive the demand for auditing in a free market society? Do you think there would still be a demand for auditing even if the law did not require it? Why or why not?


Individual Assignment

• Post your paper on the Generally Accepted Auditing Standards in the Assignments folder.

• Write and post 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.


• Also remember to test your knowledge of Week One topics with a self-assessment.  You are not required to turn-in the results of the self-assessment test. 

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