ACC 645 Module Eight Assignment Guidelines and Rubric

Overview

You are a midlevel auditor who is leading an attestation engagement at the Good Life Accounting Firm. You need to draft an executive summary that will guide your team toward a better understanding and application of the attestation risk model. By effectively communicating attestation risks for a specific engagement type, you will help your colleagues better understand how to apply similar methods in their own unique client relationships.

This assignment will help build the necessary skills around assessing risk via the attestation risk model and communicate those risks effectively in a professional context.

References:

https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/ssae-no-18.pdf

https://us.aicpa.org/content/dam/aicpa/research/standards/auditattest/downloadabledocuments/ssae-22.pdf

Directions

Considering your role as an experienced auditor in the scenario, draft an executive summary outlining the proper application of the attestation risk model for a review engagement. Include concise language that aligns with the clear communication criterion.

Specifically, you must address the following rubric criteria:

1. Describe the review engagement to be communicated. Include details about what makes this engagement type unique from other engagement types. (Provide provide a detailed description and explanation)
2. Analyze the attestation risk model. Support with examples related to the review attestation engagement. (Provide provide detailed description and explanation)
3. Provide rationale for the determination of risk for the review engagement attestation type.Include details that justify how the attestation risk model can be applied. (Provide provide description and explanation)
4. Describe the most critical risk aspect that should be considered in the scenario.Include details about what makes this aspect essential to the effectiveness of risk communication. (Provide provide description and explanation)