The United States has three auditing standard setting bodies:
1. The American Institute of Certified Public Accountants, orAICPA, which issues auditing standards for
auditors who are performing audits for private companies;
2. The Public Company Accounting Oversight
Board, orPCAOB, which
issues standards for auditing public firms; and
3. The U.S. Government Accountability Office,
orGAO, which issues standards for auditing
state and local governments.
For your final project, which is
worth 30 percent of your total grade, you are required to write a research paper
of 2,500 words in length (with a typical font and spacing, this will
come out to 10 pages). Your paper should present a comparison study of
the AICPA, PCAOB, and GAO auditing standards in certain key areas (audit
documentation and audit evidence). Conduct research by visiting the Web sites
of these three organizations and reading the auditing standards for Audit
Documentation and Audit Evidence. Then write a comprehensive analysis and
comparison of the requirements for audit documentation and audit evidence
according to these three auditing standards-setting bodies. This will involve a
discussion and critical analysis of the various standards and their
requirements, as well as a discussion of the positive and/or negative effects
of the standards.
After successfully completing this project you should be able to:
The paper should fulfill all of the following requirements:
The paper should include: title page, abstract, keywords, introduction, discussion and analysis, conclusion, and references.
The paper should include a brief summary of the background and applicability of the auditing standards issued by the AICPA, PCAOB, and GAO.
The paper should describe and explain the requirements for audit documentation and audit evidence according to:
the GAO (Yellow Book)
The paper should present analysis and criticism of the requirements of each auditing standard.
The paper should present comparison and contrast among the three standards-setting bodies.
The paper should present firm conclusions regarding the most effective and reasonable audit documentation and evidence standard.
The paper should conform to APA style in terms of in-text citations and the list of works cited.
The paper should display a clear style and proper grammar, spelling, and punctuation.
The paper should discuss course concepts accurately and effectively.