How system design life cycle model would impact the issue

Reference no: EM131735077

Assignment: Emerging Auditing Issues

Search the Strayer databases or 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 page paper in which you:

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.

7. Use at least three 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 one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. 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.
• Write clearly and concisely about emerging auditing technologies using proper writing mechanics.

Reference no: EM131735077

Questions Cloud

Define liability to pay off the remaining balance : Darius Rucker started a business by investing $10,000 cash and a car worth $15,000. There is a $6,000 note payable on the car for the amount still owed.

Define what changes should be made to the copyright law : What changes should be made to the copyright law to reflect the ease with which much creative material can be reproduced and distributed over the Internet

How it is useful to find beneficial sources : Write a paragraph about why technology is useful to communicate with your family and another paragraph about how it is useful to find beneficial sources

How do i prepare a schedule of cost of goods manufactured : Daniel's Consulting is going to manufacture billing software. During the first month of manufacturing, Daniel incurred the following manufacturing costs.

How system design life cycle model would impact the issue : Assess how the System Design Life Cycle model would impact the emerging issue. Provide support for your rationale.

Discuss what is the purpose of the parol evidence rule : What advantages and disadvantages would there be to eliminating the parol evidence rule

Perception of hospital nurses attending on continues : Provide preparatory information about your research and is used as a plan for developing the proposal that is evaluated to ensure the quality of your research

Direct quotation written by chambers : "Human beings have been described as symbol-using animals" (Burke 3). 1. A direct quotation written by Chambers found on page 11:

What is the gross pay for the week : Daniel is paid $8.50 per hour and receives commission on net sales. He does not receive commission until his net sales exceed $150,000.

User Account

All Pages