Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free

Editing

  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

ASB – Audit standards Board Competencies Addressed in Second Unit 4 Assignment • Competency 1: Apply the standards and professional requirements that are established for audit, attestation, and other services performed by CPAs, including the role of standard-setting bodies within the United States and those bodies with the authority to promulgate international standards. • Competency 2: Identify situations that might be unethical or a violation of professional standards to determine the appropriate action. • Competency 3: Apply an appropriate level of professional skepticism and judgment in the performance of work. Guidance for conducting and reporting on an audit is provided in the standards established and published by governing bodies. The organization type determines which standards to apply. Audits of publicly traded companies are governed by the standards established by the PCAOB, whereas private companies are governed by the standards established by the ASB of AICPA. In a 5–7 page double-spaced paper, compare and contrast the standards established by the PCAOB and ASB. In this paper, you should: 4. Provide a general overview of each governing body. 5. Examine the roles in enforcement of the standards in both publicly traded and privately held companies. 6. Select three standards from the PCAOB and three standards from ASB. Compare how these standards differ and how they are the same. 7. Provide a conclusion on the importance of standards. What role do standards play in the context of audit reports providing reliable information to financial statement users? Be sure to support your conclusions with at least three credible references. Why? As a future CPA, your credibility, authority, and trustworthiness are important considerations. As you assist clients, employers, and government entities, the sources you select and reference will affect their perception of your work. In addition, your ability to choose credible resources will support your success in academic work. To learn more about what Capella University considers to be credible resources, review the Evaluating Source Quality iGuide page, linked in the Resources. Requirements • Written communication: Must be free of errors that detract from the overall message. • Resources and citations: Format according to APA guidelines. • Required page count: 5–7 pages, not including the title page and references pages. • Required number of references: A minimum of three credible references. • Font and font size: Times New Roman, 12 point. Comparing Standards Scoring Guide Due Date: End of Unit 4. Percentage of Course Grade: 20%. Comparing Standards Scoring Guide Grading Rubric Criteria Non-performance Basic Proficient Distinguished Describe the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly-traded companies 20% Does not describe the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes incompletely or incorrectly the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes comprehensively the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describe the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. 20% Does not describe the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes incompletely or incorrectly the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes comprehensively the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Examine the roles of PCAOB and ASB in terms of enforcement of their standards. 20% Does not examine the roles of PCAOB and ASB in terms of enforcement of their standards. Examines incompletely or incorrectly the roles of PCAOB and ASB in terms of enforcement of their standards. Examines the roles of PCAOB and ASB in terms of enforcement of their standards. Examines comprehensively the roles of PCAOB and ASB in terms of enforcement of their standards. Compare the standards for the two organizations (PCAOB and ASB). 20% Does not compare the standards for the two organizations (PCAOB and ASB). Compares incompletely or incorrectly the standards for the two organizations (PCAOB and ASB). Compares the standards for the two organizations (PCAOB and ASB). Compares comprehensively the standards for the two organizations (PCAOB and ASB). Provide a conclusion about the importance of the standards. 20% Does not provide a conclusion about the importance of the standards. Provides an incomplete or incorrect conclusion with some details about the importance of the standards. Provides a conclusion on the importance about the standards. Provides an articulate and comprehensive conclusion on the importance about the standards.

ASB – Audit standards Board

 Competencies Addressed in Second Unit 4 Assignment

  • Competency 1: Apply the standards and professional requirements that are established for audit, attestation, and other services performed by CPAs, including the role of standard-setting bodies within the United States and those bodies with the authority to promulgate international standards.
  • Competency 2: Identify situations that might be unethical or a violation of professional standards to determine the appropriate action.
  • Competency 3: Apply an appropriate level of professional skepticism and judgment in the performance of work.

Guidance for conducting and reporting on an audit is provided in the standards established and published by governing bodies. The organization type determines which standards to apply. Audits of publicly traded companies are governed by the standards established by the PCAOB, whereas private companies are governed by the standards established by the ASB of AICPA.

In a 5–7 page double-spaced paper, compare and contrast the standards established by the PCAOB and ASB. In this paper, you should:

  1. Provide a general overview of each governing body.
  2. Examine the roles in enforcement of the standards in both publicly traded and privately held companies.
  3. Select three standards from the PCAOB and three standards from ASB. Compare how these standards differ and how they are the same.
  4. Provide a conclusion on the importance of standards. What role do standards play in the context of audit reports providing reliable information to financial statement users? Be sure to support your conclusions with at least three credible references. Why? As a future CPA, your credibility, authority, and trustworthiness are important considerations. As you assist clients, employers, and government entities, the sources you select and reference will affect their perception of your work. In addition, your ability to choose credible resources will support your success in academic work. To learn more about what Capella University considers to be credible resources, review the Evaluating Source Quality iGuide page, linked in the Resources.

Requirements

  • Written communication: Must be free of errors that detract from the overall message.
  • Resources and citations: Format according to APA guidelines.
  • Required page count: 5–7 pages, not including the title page and references pages.
  • Required number of references: A minimum of three credible references.
  • Font and font size: Times New Roman, 12 point.

Comparing Standards Scoring Guide

 Due Date: End of Unit 4.
Percentage of Course Grade: 20%.

Comparing Standards Scoring Guide Grading Rubric
Criteria Non-performance Basic Proficient Distinguished
Describe the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly-traded companies
20%
Does not describe the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes incompletely or incorrectly the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies Describes comprehensively the governing body of Public Company Accounting Oversight Board (PCAOB) for publicly traded companies
Describe the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies.
20%
Does not describe the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes incompletely or incorrectly the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies. Describes comprehensively the governing body of the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) for private companies.
Examine the roles of PCAOB and ASB in terms of enforcement of their standards.
20%
Does not examine the roles of PCAOB and ASB in terms of enforcement of their standards. Examines incompletely or incorrectly the roles of PCAOB and ASB in terms of enforcement of their standards. Examines the roles of PCAOB and ASB in terms of enforcement of their standards. Examines comprehensively the roles of PCAOB and ASB in terms of enforcement of their standards.
Compare the standards for the two organizations (PCAOB and ASB).
20%
Does not compare the standards for the two organizations (PCAOB and ASB). Compares incompletely or incorrectly the standards for the two organizations (PCAOB and ASB). Compares the standards for the two organizations (PCAOB and ASB). Compares comprehensively the standards for the two organizations (PCAOB and ASB).
Provide a conclusion about the importance of the standards.
20%
Does not provide a conclusion about the importance of the standards. Provides an incomplete or incorrect conclusion with some details about the importance of the standards. Provides a conclusion on the importance about the standards. Provides an articulate and comprehensive conclusion on the importance about the standards.

What our customers say
_____

Ishita M.Ishita M.
Great Job! Thank you so much for your work. You got it done faster than I imagined and everything is perfect. Will definitely be using you again!
Megan J.Megan J.
"As a wife, mother, and full-time student, I was struggling to try to go back to school and take care of my responsibilities. Sometimes you just need a little help, and I appreciate all the help I have gotten from Academic Research Bureau. My papers are on-time and the writers are easy to work with. Thanks for the support!"
Rajab M.Rajab M.
Universitywritingservices.com has saved me a lot of time. I was tired of taking the same classes many times over again. As an ESL student, my professors were taking points off of my assignments for my grammar mistakes. It made it very hard to feel encouraged to continue with my studies. Thankful for having found an answer for better grades."
Frank N.Frank N.
As a working student, I just really don't have the time to write paper after paper and complete assignment after assignment. Working full-time and going to school was nearly impossible until I was able to feel comfortable with the writers on this site. They make me feel secure enough to trust them with my papers. While I'm busy with life, they are busy writing my papers. They always do an outstanding job!
Courtney B.Courtney B.
Thank you! You were really patient with me and my needs. This was my first time using you guys, however, I will definitely be using you again!
John H.John H.
I cannot tell you enough how amazing your company is! Your writers are superb, on time, excellent content, so very thankful you reached out to me that day! Lifesaver for sure! Couldn’t be happier with the results I’ve gotten from my first 2 papers with you, I have 4 papers left to go and I’ll be using your company for them all!
Rebecca T.Rebecca T.
After I ordered a dissertation from your writing service, the first paper that I was given did not met my professor’s demand. I set the paper on revision and the writer made the revision for free meeting all my requirements and I was very satisfied
Thomas R.Thomas R.
I was shocked by how your writers managed to deliver my paper on time, and I was among the best in our class in that paper. Thank you so much and I will never hesitate to use you
error: protected!!