1-

Select an industry, identify what might make that industry high-risk, and discuss factors that you would consider when deciding whether to disclose contingencies based on the selected industry. Do not select an industry that a peer has selected.

Be sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers and instructors posts, as well.

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2-

Due to recent changes in audit standards, external auditors are relying on internal audit functions more often. Please discuss ways that external auditors can assess the effectiveness of the internal audit function.

Be sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers and instructors posts, as well.

PLACE REFERENCES UNDER THE ANSWER OF EACH DISCUSSION

3-

The appendix of the textbook provides a grid of Relevant Professional Auditing Standards. Please research three of the given topics and discuss the differences between U.S. auditing standards (PCAOB and AICPA) and international standards (IASB).

Be sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers and instructors posts, as well.

PLACE REFERENCES UNDER THE ANSWER OF EACH DISCUSSION

4-

When we are studying capital budgeting, we go through a lot of work to come up with an investment decision. However, we have made many assumptions along the way to form what seems like a value-maximizing decision. Choose an assumption that we make and discuss the risks associated with that assumption. Choose an assumption that has not been selected by your classmates and do not duplicate assumptions.

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5-

Options are particularly difficult to understand. Put and call values are determined by the price of a stock, and yet you do not need to own the stock to buy a put or a call on that stock. In addition, if you buy a put or a call, you have the right to walk away from a contract to limit your losses. When we compute the price of an option, we use two models that are difficult to understand and have computations that are particularly challenging. Please share with others some of the challenges you encountered when studying this module. How did you overcome them?

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6-

In this module, multiple theories were presented that influence capital structure decisions or dividend policy decisions affecting the price of a stock. Choose one of these theories and explain its strengths and weaknesses.

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7-

In this module, we are studying capital budgeting as a tool to determine whether a long-term asset should be purchased. The process we follow could be used in other applications, such as the following:

• Mergers and acquisitions of companies,
• Decisions to expand or downsize a business,
• Decision to change jobs,
• Decision to take online courses, or

5.Pricing a product.

In this weeks discussion board, explain specifically how the capital budgeting tool could be modified to be used in one of these applications—or in a completely different application you identify. Feel free to use an example you have experienced in your career.

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8-

The AICPA has assembled a Sustainability Task Force that is in the process of developing a Sustainability Assurance Guide due to the increased expectations regarding the reporting of corporate social and environmental performance. For your review, below is the AICPA resource.

Assume you are a member of this taskforce; discuss what types of assertions you would expect your clients management to make regarding socially responsible goals. How do you think stakeholders will rely on the assurances that are provided by practitioners? Discuss some of the challenges that practitioners may face as they offer this service offering to their clients./p pBe sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers and instructors posts, as well.

PLACE REFERENCES UNDER THE ANSWER OF EACH DISCUSSION