Our Services

Get 15% Discount on your First Order

Instructions in file attached ACG 4651 1 Case #1: The importance of being independent (by Deloitte)

May 23, 2024

Instructions in file attached

ACG 4651

Case #1: The importance of being independent (by Deloitte) Discussion Questions

Background:

The Deloitte Foundation, in conjunction with the University of Illinois Center for Professional Responsibility in Business and Society, has created Auditor Independence Education Materials to help students to learn about core concepts, real-world applications, and prevailing rules related to auditor independence.

Required:

Please watch the FULL video (3 sections) titled “the Importance of Being Independent” which focuses on the public interest, professional skepticism, financial statements users, and independence in fact and appearance.

· “Section 1 – Independence 101” (approx. 12 minutes)

· “Section II – The Public Accounting Profession” (approx. 5 minutes)

· “Section III – Independence at Work” (approx. 10 minutes)

The video can be found at
After watching the video, please respond to the following questions.

1) Your uncle is employed as the controller of Company J, an audit client of your firm. You are asked to serve on the Company J audit team. You are pretty sure that the independence rules do not prohibit you from serving on the audit team because technically your uncle is not a “close relative.” You have a close relationship with your uncle and see him on a regular basis. Should you disclose this relationship to your firm? Why?

2) What do other professions, such as law or medicine, have in common with the accounting profession?

3) All professionals in public accounting firms, whether they provide audit, tax, or consulting services, should comply with the accounting firm’s independence policies and applicable independence rules. Why do you think this is?

4) Do you consider any of the “five areas of independence,” described in the Video, a greater threat to independence than any of the other areas? Why?

Formatting:

As indicated in the syllabus, your response should not exceed 2 single spaced pages. Please review your syllabus for all other formatting and submission guidelines. The due date for this project is also indicated on your syllabus.

>Business & Finance homework help

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Homework Process Performance and Competitive Advantage Note: The discussion

Homework Process Performance and Competitive Advantage Note: The discussion questions for this week and next week will help you prepare for your first assignment, Part A of your Operational Excellence Course Project, due in Week 4. Before beginning this discussion question, read the Course Project overview on pp. 16-17 of the

The important factors that shape a compny’s strategic approach with competing in foreign markets and describe each factor. Demographics, culture and

The important factors that shape a compny’s strategic approach with competing in foreign markets and describe each factor. Demographics, culture and market conditions, location cost advantage, cluster of knowledge sharing of suppliers/components, risk of adverse exchange rate shifts, climate in host country. Identify following models of entry into a foreign

Using the five Generic Competitive Strategies; Low cost provider, broad differentiation, focused low-cost, focused differentiation and est provider

Using the five Generic Competitive Strategies; Low cost provider, broad differentiation, focused low-cost, focused differentiation and est provider strategies. List the difference for each one within the levels of business strategy. Describe the benefits and risks associated with each of the five business level strategies.

Assignment Name: ………………………………………………………………………………… Hmk-6B Exercise #1: Draw the time line for an 8-year 5% annual coupon bond with a face value

Assignment Name: ………………………………………………………………………………… Hmk-6B Exercise #1: Draw the time line for an 8-year 5% annual coupon bond with a face value of $1000. |———————————————————————————————————————————– Compute the price of the bond assuming the yield to maturity is: A. ytm = 3% FV = PMT= i= n= Press PV P = $

see attached Homework 1: 600 words and 2 references. Study the organization (Shein) Overview – Final Project –

see attached Homework 1: 600 words and 2 references. Study the organization (Shein) Overview – Final Project – Group Consulting Project Working in teams, you will play the role of management consultants. Each team will conduct an analysis of an organization exploring an aspect of organizational behavior that interests them

Bank of America Assessment, Evaluation, and Recommendation September 30, 2024 Instructions evaluate opportunities for that organization

Bank of America Assessment, Evaluation, and Recommendation September 30, 2024 Instructions evaluate opportunities for that organization to add economic, social, and environmental value. Recommend an opportunity that best capitalizes on the organization’s valuable, rare, and hard-to-imitate resources, is least impacted by the organization’s weaknesses, and will take best advantage of

Instructions: Due Monday 3 pages APA style and scholarly citations Research Project Part 2: Continue the research you have

Instructions: Due Monday 3 pages APA style and scholarly citations Research Project Part 2: Continue the research you have done in Part 1 by now reviewing the Notes to the Financial Statements in the Form 10-K. In a minimum of 3 pages, write a paper addressing the following: · Choose

Instructions: Due Tuesday 09/16 3 pages APA style and scholarly citations Complete the case titled “PWC-S-Corporations-Hawaiian Case Study”

Instructions: Due Tuesday 09/16 3 pages APA style and scholarly citations Complete the case titled “PWC-S-Corporations-Hawaiian Case Study” attached above. You will need to download the case and answer the questions given. Using current literature, prepare a written case study analysis for the above-assigned research case, a minimum of

Instructions: Due SUnday At least 3 paragraphs long with 3 peer-reviewed references. On March 5, 2019, the two 50% shareholders of a calendar

Instructions: Due SUnday At least 3 paragraphs long with 3 peer-reviewed references. On March 5, 2019, the two 50% shareholders of a calendar year corporation decide to elect S status. One of the shareholders, Terry, purchased her stock from a previous shareholder (a nonresident alien) on January 18, 2019. Identify

Instructions: Due SUnday At least 3 paragraphs long with 3 peer-reviewed references. Black, Brown, and Red corporations are considering a

Instructions: Due SUnday At least 3 paragraphs long with 3 peer-reviewed references. Black, Brown, and Red corporations are considering a corporate restruc-turing that would allow them to file Federal income tax returns on a consolidated basis. Black holds significant NOL carryforwards from several years ago, all after 2017. Brown always

see attached 1. 2. 3. image1.png image2.png image3.png

Reading and Power Point Packet #4 Directions: Using the PowerPoint and what you learn from the chapter reading, please complete the following. Please

Reading and Power Point Packet #4 Directions: Using the PowerPoint and what you learn from the chapter reading, please complete the following. Please write in complete sentences and elaborate on your responses. 1. Explain the patterns of growth in body proportions in the first seven years of life. 2.

Reading and Power Point Packet #5 Directions: Using the PowerPoint, videos and what you learn from the chapter reading, please complete the

Reading and Power Point Packet #5 Directions: Using the PowerPoint, videos and what you learn from the chapter reading, please complete the following. Please write in complete sentences and elaborate on your responses. Born to Learn Video 1. How does touching an infant’s hands set the foundation for their

Supply Chain Core Concept Questions In a Word document, answer the questions below in APA paper format (double space, 11 or 12

Supply Chain Core Concept Questions In a Word document, answer the questions below in APA paper format (double space, 11 or 12 pt font, title page, references, headers). These questions require extensive research. You may use graphic and charts to assist in explaining the answer. Each question should be about

Potential Problems/Opportunities for the Course Project The Course Project should focus on identifying a business problem or

Potential Problems/Opportunities for the Course Project The Course Project should focus on identifying a business problem or opportunity and proposing a technology solution. You will need to identify a real-life business that you are familiar with or a fictitious business. The business must have a problem or an opportunity that

Describe a current problem facing Amazon that would indicate the need for a simulation model. How best would this problem be solved by simulation

Describe a current problem facing Amazon that would indicate the need for a simulation model. How best would this problem be solved by simulation versus the other modeling techniques?

see the Attached. 1. 2. 3. image1.png image2.png image3.png

1. Due by the start of class. Write on readings from Weeks 5 and 6. The paper should be a FULL single-spaced page analysis of the

1. Due by the start of class. Write on readings from Weeks 5 and 6. The paper should be a FULL single-spaced page analysis of the readings. Reaction paper