Category Archives: ACCT 525 (updated)

ACCT 525 Week 6 Homework Assignment Auditing Standards & ISA vs ASB (2 Papers) updated

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ACCT 525 Week 6 Homework Assignment; Auditing Standards & ISA vs ASB

Answer to the following questions:

1.What efforts is the Auditing Standards Board making to clarify auditing standards?

2.Describe the five key differences between ISA’s and US Auditing Standards.

3.How are the efforts of the Auditing Standards Board and the International Auditing and Assurance Board similar to the Financial Accounting Standards Board and the International Accounting Standards Board?

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ACCT 525 Week 5 Homework Assignment AICPA Code of Professional Conduct Part 1, 2, 3 (2 Papers) updated

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ACCT 525 Week 5 Homework Assignment; AICPA Code of Professional Conduct Part 1, 2, 3

The AICPA code of professional conduct begins with the preface which applies to all members, and the code is presented in 3 parts:

a)     Part 1: This part is applied to the members who practice the profession in the public area

b)     Part 2: This part is applied to and means the members in business 

c)   Part 3: this part applies to all other members as for example those member that are retired or unemployment.

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ACCT 525 Week 4 Homework Assignment Explanatory & Essay Type Answers (2 Papers) updated

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ACCT 525 Week 4 Homework Assignment; Explanatory & Essay Type Answers

Read “It’s Time for Principles-Based Accounting Ethics” which can be accessed through the DeVry online library. In 3-4 pages (12-pt type, double-spaced) answer the following questions:

1. Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not?

2.Describe the five cardinal virtues of professional accountants that the article’s authors discuss.

3.We’ve talked about rules-based versus principles-based accounting standards. Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?

4.Compare and contrast the AICPA’s Code of Professional Conduct and the IFAC Code of Ethics for Professional Accountants.

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ACCT 525 Week 3 Homework Assignment FASB Codification (2 Papers) updated

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ACCT 525 Week 3 Homework Assignment: FASB Codification
FASB Codification References:

ASC 830-230-55-1

ASC 926-330-35-1

ASC 954-440-25-2 

ASC 710-10-05-6

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ACCT 525 Week 2 Homework Assignment IFRS Adoption in MEXICO (2 Papers) updated

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ACCT 525 Week 2 Homework Assignment; IFRS Adoption in MEXICO
IFRS MEXICO 

 

1. Description of Mexico’s Process to adopt IFRS.
2. Did Mexico adopt IFRS or did they make changes to IFRS to adapt it to its country’s culture or regulations?
3. Adoption of IFRS on Mexico companies made it easier to access the capital market.
4. Based on your research regarding your selected country, should the US SEC mandate adoption of IFRS? Why or why not?
5. What is your personal opinion regarding whether the US SEC should mandate the adoption of IFRS?

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ACCT 525 Week 1 Homework – The Sarbanes-Oxley Act Studies Cases (2 Papers) updated

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ACCT 525 Week 1 Homework – The Sarbanes-Oxley Act Studies Cases

ACCT 525 Week 1 Homework
The Sarbanes-Oxley Act Studies Cases
(1) The case of Phar-Mor Inc.
(2) Waste Management Case 1990
(3) Enron Scandal early 2000’s

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