Auditing DB Week 1:

Please note: This class officially begins on Sept. 7, 2021. Your instructor will respond to your posts once the semester begins.

Chapter 1: The Demand for Audit and Other Assurance Services

Five of your classmates are discussing alternative career plans. The first plans to become an internal revenue agent because his primary interest is income taxes. He believes that a background in tax auditing will provide him with a better exposure to income taxes than any other career choice. A second classmate has decided to go to work for a CPA firm for at least 5 years, possibly as a permanent career. She believes the variety of experience in auditing and related fields offers a better alternative than any other available choice. The third classmate has decided on a career in internal auditing with a large industrial company because of the many different aspects of the organization with which internal auditors become involved. The fourth classmate plans to become an auditor for the GAO because she believes that this career will provide excellent experience in computer risk assessment techniques. The fifth classmate would like to ultimately become a certified fraud examiner but is not sure where the best place is to begin his career so that he can achieve his long-term goal.

Please address the following in your initial post to this discussion board:

1. What are the major advantages and disadvantages of each of the four types of auditing careers?

2. What do you think is the best early career choice for the classmate interested in ultimately becoming a certified fraud examiner?

Please be sure to include at least one an APA formatted reference for your initial post. Always begin with your eText for a first source of information. This means that your eText will always be included as a reference in each initial post for each discussion board this semester. Please do not go to outside sources without first consulting your eText.

Please check your initial post for comments or questions from me and be sure to provide a comprehensive response, as requested.

You are required to enter a minimum of three meaningful posts for full credit for the weekly discussions. These will include your initial post, your response to me, and a response to at least one classmate. If you enter your initial post late on Saturday, it's possible that I may not be able to provide any comments to your thread. If that is the case, please meet your minimum number of posts by responding to at least two classmates. I encourage you enter your initial post to the weekly discussion boards as early in the week as possible. This allows your hard work to be read by your classmates. Additionally, posting early in the week gives you the time needed to develop thoughtful initial posts that will likely earn the maximum number of points.

Your responses to classmates this week should include your choice for a possible career in auditing and your reasons for that choice. Please also let us know if and when you plan to sit for the CPA exam.