For this assignment, choose one of the three cases provided

 

For this assignment, choose one of the three cases provided in the “Topic 6 Case Studies – Researching Audit Issues” resource and complete the assignment according the directions provided below for the one case you have selected.Assume you work for the firm and that your manager has requested you draft a professional memo for the file to support the firm’s position. For the case you have selected, determine the auditing issue applicable, based on the facts presented. Once you determine the auditing issue, locate the applicable Financial Accounting Standards (FASB) or American Institute of Certified Public Accountants (AICPA) standards associated with the treatment of the issue. The memo should accomplish the following:

 

  1. Summarize the auditing issue.
  2. Present the rules as per FASB or the AICPA.
  3. Provide a conclusion as to the action necessary to fix the auditing issue.

The memo should be a minimum 500 words, and address the firm’s position and give your recommendation. You may use the “Memo Template” for this assignment.

While APA style is not required for the body of this assignment, solid academic writing is expected, any documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Please refer to the directions in the Student Success Center.

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