ACC 645 Module One Activity Guidelines and Rubric

Overview

You are a new auditor at AssurePro Accounting Firm. You have been assigned to work with your first client, Ventura Medical Group. Before beginning your work with this client, your manager has asked you to compose an executive summary comparing the objectives of the two types of attestation engagements and recommending the most suitable type for this client.

Types of attestation engagements:

• Assertion-based examination engagements
• Direct examination engagements

Directions

Considering the scenario and listed attestation engagements above, draft an executive summary outlining the purpose of each type of engagement and recommending the most suitable engagement type for the client.

Specifically, you must address the following rubric criteria:

• Describe the different purposes of assertion-based examination and direct examination engagements. (Provide a detailed explanation of differences)
• Analyze the level of assurance for each type of engagement. (Provide a detailed explanation of the level of assurance for each type of engagement)
• Justify the most suitable type of attestation engagement for this client. (Provide detailed explanation)
• Predict which documents need to be requested from the client to effectively perform the engagement. (Provide a detailed explanation for requested documents)