Ashford ACC618 Week 5 Discussion (dq1+dq2) Latest
ACC618 Professional Ethics for the Accountant
Week 5 Discussion
DQ1 Ethical Concerns of Auditor [CLO: 4]. 1st Post Due by Day 3. Distinguish between an auditor’s responsibilities to detect and report errors, illegal acts, and fraud. What role does materiality have in determining the proper reporting and disclosure of such events? What ethical concerns might an auditor face when doing his or her job?
DQ2 AICPA and PCAOB Standards [CLOs: 1, 2]. 1st Post Due by Day 3. What are the auditor’s responsibilities to communicate information to the audit committee under AICPA and PCAOB standards? If the auditor discovers that the audit committee routinely ignores such communications, especially when they are critical of management’s use of GAAP in the financial statements, what step(s) might the auditor take at this point?
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