This guide is for ACCT 622 Week 7 Audit Risk Analysis Project, start to submission. As an audit manager, a 5 to 7-page memo to the partner assessing whether a company is acceptable as an audit client.
ACCT 622 is Advanced Auditing, 3 credit hours, in Liberty University's MS in Accounting. Canvas and the course guide file print the code as ACCT622; it is the same course.
| Course | ACCT 622 Advanced Auditing |
|---|---|
| Module/Week | 7 |
| Points | 150 points |
| Length | 5 to 7 pages, not including title and reference pages |
| Sources | Journal articles and the company's public information |
| Faith integration | Not required by the guide |
| Format | Memo |
What ACCT 622 Week 7 Audit Risk Analysis Project asks for
You assume the role of an audit manager at a public accounting firm whose audit partner has asked you to assess whether a company is acceptable as an audit client. You write a memo of 5 to 7 pages, not including the title or reference pages, summarizing your assessment. It is due in Module/Week 7, when the reading is journal articles. Worth 150 points.
Where it fits in ACCT 622
In the published schedule, Audit Risk Analysis Project is one of 8 graded written assignments in ACCT 622. It follows Week 6 Discussion Board Forum 3 Critique and comes before Week 8 Audit Risk Analysis Project Critique.
How ACCT 622 Week 7 Audit Risk Analysis Project is graded
Liberty grades Audit Risk Analysis Project with the rubric attached to the assignment in Canvas, worth 150 points in the published guide. That is about 15% of the course's 1,010 points. Read the rubric first. Each row is a criterion, and the wording of the highest column is the closest thing you have to a model answer.
Course grades in ACCT 622 use Liberty's point scale: an A is 940 to 1010 points of the course total. Missing the length or source minimum usually costs points on several rows at once, which is why the checklist below starts with them.
Timing in the published guide: Module/Week one begins on Monday and ends at 11:59 p.m. (ET) on Friday. Modules/Weeks 2-8 begin on Saturday and end at 11:59 p.m. (ET) on Friday. Check the due dates in your Canvas section, which govern.
The ACCT 622 Week 7 method, step by step
Know who will read it
Decide who the Audit Risk Analysis Project is addressed to and what you want them to do. A letter or memo is graded on purpose and audience as much as content.
State the purpose in the first paragraph
Open with the ask. Background comes after the reader knows why the document exists.
Support the position with facts
Give the two or three strongest reasons, each backed by evidence (Journal articles and the company's public information). Specific numbers and named sources persuade; general concern does not.
Use a professional format
Use business format and a courteous, direct tone. Short paragraphs and plain language read as professional; jargon and emotion do not.
Close with a clear request
Finish with the request again, stated plainly, and a line of thanks.
Add the APA pieces the guide requires
Even a letter can carry APA requirements in a Liberty course: check whether the guide asks for a title page, citations and a reference page (5 to 7 pages, not including title and reference pages).
Use public sources for the company (10-K, proxy statement, SEC filings, news) and look specifically for predecessor auditor changes, restatements, going concern doubts, related-party transactions and aggressive accounting policies. Each red flag you find should connect to a specific audit risk and a response.
A structure for ACCT 622 Week 7 Audit Risk Analysis Project
Word targets are planning numbers for about 1,600 words of body text, set by the length in the guide; the rubric decides where to spend more.
| Section | What it must do | Target |
|---|---|---|
| Recommendation | Accept, accept with conditions, or decline, in the first paragraph. | ~220 words |
| Company and industry | Business, financial condition and industry risks. | ~320 words |
| Management integrity | Leadership, history and red flags. | ~320 words |
| Financial reporting risks | Areas likely to be misstated. | ~350 words |
| Independence and firm capability | Conflicts, expertise and resources. | ~190 words |
| Conclusion | Conditions and next steps. | ~190 words |
A topic angle that works
Follow the client acceptance steps in the quality control standards: evaluate management integrity, the firm's competence and independence, and the engagement risk. Put the recommendation in the first paragraph, as a partner would expect.
Model paragraph with notes
An original paragraph written by our desk to show the register that earns full rubric credit. It is study material: learn the moves, then write your own.
Recommendation: accept the engagement with two conditions. The company's revenue recognition for multi-year software contracts is complex, and its prior auditor resigned after a disagreement over the timing of license revenue, which the 8-K discloses.1 Before acceptance, we should communicate with the predecessor auditor as the standards require and assign a partner with software revenue expertise; if the predecessor's account raises integrity concerns, we should decline.2
- Recommendation first.
- Specific red flags.
- Conditions tied to risks.
Mistakes that cost points on ACCT 622 Week 7
- No clear recommendation.
- Ignoring auditor change.
- Outside 5 to 7 pages.
Checklist before you submit
- Length: 5 to 7 pages, not including title and reference pages
- Sources: Journal articles and the company's public information
- Recipient, purpose and request are clear in the first paragraph
- Business format with a professional closing
- Each rubric row read against the section that answers it
Questions students ask
Who is the ACCT 622 audit risk memo written to?
The audit partner, from the perspective of an audit manager assessing whether to accept the company as a client.
How many points is ACCT 622 Week 7 Audit Risk Analysis Project worth?
150 points in Liberty's published course guide for ACCT 622, out of a course total of 1,010 points (about 15% of the grade). The rubric attached to the assignment in Canvas shows how those points are divided.
Is ACCT 622 Week 7 the same in every section of ACCT 622?
This guide follows Liberty's published course guide for ACCT 622. Liberty notes that course content can change from term to term, so if your Canvas section shows different instructions, a different week or different points, follow Canvas and your instructor.
Want a tutor to look at your draft?
Send the instructions and what you have so far. A Liberty tutor replies with what to fix first, usually within the hour.