Assignment 1: Ethical Violations and Auditor Negligence

As an auditor, if you discovered ethical code violations, how would you respond? Are you sure ethical breaches even occurred? How would you deal with auditor negligence? In this assignment, you will explore these situations and learn how to handle them properly.

The questions listed below are found in Chapters 3 and 4 of Principles of Auditing. Answer the questions and submit your work to the instructor as outlined below.

Checklist:

Respond to the following questions.

Chapter 3

• Question Requiring Analysis 3-31
• Problem: 3-43

Chapter 4

• Question Requiring Analysis 4-21
• Question Requiring Analysis 4-26

Reference

Whittington, O. R., & Pany, K. (2019). Principles of auditing & other assurance services (21st ed.). New York, NY: McGraw-Hill.

Please review the complete Unit 2 assignment details and rubric.

Assignment 2: Sarbanes-Oxley and Oversight

Provide an original and substantive response to the questions posed in your assignment in a minimum of 200 words.

You learned about how the Sarbanes-Oxley Act affected the accounting profession and specifically, several major changes in the audits of public companies. These changes helped to improve the transparency and accountability of public company financial statements.

• Do you think that other types of organizations should have an act similar to the Sarbanes-Oxley Act? Why or why not?
• Should the government, nonprofits, and private companies be held to the same or similar standards? Or is it too costly and time-consuming?
• What are your thoughts regarding this type of oversight of other industries in general?

Review complete Unit 2 assignment 2 details and rubrics.