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ACC 403- ASSIGNMENT 2 RUBRIC!!!
Points: 280
Assignment 2: Audit Planning and Control
Criteria
UnacceptableBelow 60% F
Meets Minimum Expectations60-69% D
Fair70-79% C
Proficient80-89% B
Exemplary90-100% A
1. Outline the critical steps inherent in planning an audit and
designing an effective audit program. Based upon the type of
company selected, provide specific details of the actions that
the company should undertake during planning and designing
the audit program.
Weight: 15%
Did not submit or incompletely outlined the critical steps
inherent in planning an audit and designing an effective audit
program. Did not submit or incompletely provided specific
details of the actions that the company should undertake during
planning and designing the audit program, based upon the type
of company selected.
Insufficiently outlined the critical steps inherent in planning an
audit and designing an effective audit program. Insufficiently
provided specific details of the actions that the company should
undertake during planning and designing the audit program,
based upon the type of company selected.
Partially outlined the critical steps inherent in planning an audit
and designing an effective audit program. Partially provided
specific details of the actions that the company should
undertake during planning and designing the audit program,
based upon the type of company selected.
Satisfactorily outlined the critical steps inherent in planning an
audit and designing an effective audit program. Satisfactorily
provided specific details of the actions that the company should
undertake during planning and designing the audit program,
based upon the type of company selected.
Thoroughly outlined the critical steps inherent in planning an
audit and designing an effective audit program. Thoroughly
provided specific details of the actions that the company should
undertake during planning and designing the audit program,
based upon the type of company selected.
2. Examine at least two (2) performance ratios that you would
use in order to determine which analytical tests to perform.
Identify the accounts that you would test, and select at least
three (3) analytical procedures that you would use in your audit.
Weight: 15%
Did not submit or incompletely examined at least two (2)
performance ratios that you would use in order to determine
which analytical tests to perform. Did not submit or
incompletely identified the accounts that you would test; did not
submit or incompletely selected at least three (3) analytical
procedures that you would use in your audit.
Insufficiently examined at least two (2) performance ratios that
you would use in order to determine which analytical tests to
perform. Insufficiently identified the accounts that you would
test; insufficiently selected at least three (3) analytical
procedures that you would use in your audit.
Partially examined at least two (2) performance ratios that you
would use in order to determine which analytical tests to
perform. Partially identified the accounts that you would test;
partially selected at least three (3) analytical procedures that
you would use in your audit.
Satisfactorily examined at least two (2) performance ratios that
you would use in order to determine which analytical tests to
perform. Satisfactorily identified the accounts that you would
test; satisfactorily selected at least three (3) analytical
procedures that you would use in your audit.
Thoroughly examined at least two (2) performance ratios that
you would use in order to determine which analytical tests to
perform. Thoroughly identified the accounts that you would
test; thoroughly selected at least three (3) analytical procedures
that you would use in your audit.
3. Analyze the balance sheet and income statement of the
company that you have selected, and outline your method for
evidence collection which should include, but not be limited to,
the type of evidence to collect and the manner in which you
would determine the sufficiency of the evidence.
Weight: 15%
Did not submit or incompletely analyzed the balance sheet and
income statement of the company that you have selected; did
not submit or incompletely outlined your method for evidence
collection which included, but was not limited to, the type of
evidence to collect and the manner in which you would
determine the sufficiency of the evidence.
Insufficiently analyzed the balance sheet and income statement
of the company that you have selected; insufficiently outlined
your method for evidence collection which included, but was
not limited to, the type of evidence to collect and the manner in
which you would determine the sufficiency of the evidence.
Partially analyzed the balance sheet and income statement of the
company that you have selected; partially outlined your method
for evidence collection which included, but was not limited to,
the type of evidence to collect and the manner in which you
would determine the sufficiency of the evidence.
Satisfactorily analyzed the balance sheet and income statement
of the company that you have selected; satisfactorily outlined
your method for evidence collection which included, but was
not limited to, the type of evidence to collect and the manner in
which you would determine the sufficiency of the evidence.
Thoroughly analyzed the balance sheet and income statement of
the company that you have selected; thoroughly outlined your
method for evidence collection which included, but was not
limited to, the type of evidence to collect and the manner in
which you would determine the sufficiency of the evidence.
4. Discuss the audit risk model, and ascertain which sampling or
non-sampling techniques you would use in order to establish
your preliminary judgment about materiality. Justify your
response.
Weight: 15%
Did not submit or incompletely discussed the audit risk model;
did not complete or incompletely ascertained which sampling or
non-sampling techniques you would use in order to establish
your preliminary judgment about materiality. Did not submit or
incompletely justified your response.
Insufficiently discussed the audit risk model; insufficiently
ascertained which sampling or non-sampling techniques you
would use in order to establish your preliminary judgment about
materiality. Insufficiently justified your response.
Partially discussed the audit risk model; partially ascertained
which sampling or non-sampling techniques you would use in
order to establish your preliminary judgment about materiality.
Partially justified your response.
Satisfactorily discussed the audit risk model; satisfactorily
ascertained which sampling or non-sampling techniques you
would use in order to establish your preliminary judgment about
materiality. Satisfactorily justified your response.
Thoroughly discussed the audit risk model; thoroughly
ascertained which sampling or non-sampling techniques you
would use in order to establish your preliminary judgment about
materiality. Thoroughly justified your response.
5. Assuming that the end result is an unqualified audit report,
outline the primary responsibilities of the audit firm after it
issues the report in question.
Weight: 15%
Did not submit or incompletely outlined the primary
responsibilities of the audit firm after it issues the report in
question, assuming that the end result is an unqualified audit
report.
Insufficiently outlined the primary responsibilities of the audit
firm after it issues the report in question, assuming that the end
result is an unqualified audit report.
Partially outlined the primary responsibilities of the audit firm
after it issues the report in question, assuming that the end
result is an unqualified audit report.
Satisfactorily outlined the primary responsibilities of the audit
firm after it issues the report in question, assuming that the end
result is an unqualified audit report.
Thoroughly outlined the primary responsibilities of the audit
firm after it issues the report in question, assuming that the end
result is an unqualified audit report.
6. 2 references (or number in the assignment)
Weight: 5%
No references provided
Does not meet the required number of references, and / or
references are of poor quality.
Meets the required number of references; some or all references
poor quality choices.
Meets number of required references; all references high quality
choices.
Exceeds number of required references; all references high
quality choices.
7. Writing Mechanics, Grammar, and Formatting
Weight: 5%
Serious and persistent errors in grammar, spelling, punctuation,
or formatting.
Numerous errors in grammar, spelling, and punctuation.
Partially free of errors in grammar, spelling, punctuation, or
formatting.
Mostly free of errors in grammar, spelling, punctuation, or
formatting.
Error free or almost error free grammar, spelling, punctuation,
or formatting.
8. Appropriate use of SWS in-text citations and reference
section (if applicable, might not apply to some 100 level
courses such as ACC100)
Weight: 5%
Lack of in-text citations and / or lack of reference section.
In-text citations and references are given, but not in SWS
format.
In-text citations and references are provided, but they are only
partially formatted correctly in SWS style.
Most in-text citations and references are provided, and they are
generally formatted correctly in SWS style.
In-text citations and references are error free or almost error
free and consistently formatted correctly in SWS style.
9. Information Literacy/Integration of Sources
Weight: 5%
Serious errors in the integration of sources, such as intentional
or accidental plagiarism, or failure to use in-text citations.
Sources are rarely integrated using effective techniques of
quoting, paraphrasing, and summarizing.
Sources are partially integrated using effective techniques of
quoting, paraphrasing, and summarizing.
Sources are mostly integrated using effective techniques of
quoting, paraphrasing, and summarizing.
Sources are consistently integrated using effective techniques of
quoting, paraphrasing, and summarizing.
10. Clarity and Coherence of Writing
Weight: 5%
Information is confusing to the reader and fails to include
reasons and evidence that logically support ideas.
Information is somewhat confusing with not enough reasons and
evidence that logically support ideas.
Information is partially clear with minimal reasons and
evidence that logically support ideas.
Information is mostly clear and generally supported with
reasons and evidence that logically support ideas.
Information is provided in a clear, coherent, and consistent
manner with reasons and evidence that logically support ideas.
ACC 403- Auditing
Instructors, training on how to grade is within the Instructor
Center.
Assignment 2: Audit Planning and Control
Due Week 8 and worth 280 points
It is common industry knowledge that an audit plan provides the
specific guidelines auditors must follow when conducting an
external audit. External public accounting firms conduct
external audits to ensure outside stakeholders that the
company’s financial statements are prepared in accordance with
generally accepted accounting principles (GAAP) or
International Financial Reporting Standards (IFRS) standards.
Use the Internet to select a public company that appeals to you.
Imagine that you are a senior partner in a public accounting
firm hired to complete an audit for the chosen public company.
Write a four to six (4-5) page paper in which you:
1. Outline the critical steps inherent in planning an audit and
designing an effective audit program. Based upon the type of
company selected, provide specific details of the actions that
the company should undertake during planning and designing
the audit program.
2. Examine at least two (2) performance ratios that you would
use in order to determine which analytical tests to perform.
Identify the accounts that you would test, and select at least
three (3) analytical procedures that you would use in your audit.
3. Analyze the balance sheet and income statement of the
company that you have selected, and outline your method for
evidence collection which should include, but not be limited to,
the type of evidence to collect and the manner in which you
would determine the sufficiency of the evidence.
4. Discuss the audit risk model, and ascertain which sampling or
non-sampling techniques you would use in order to establish
your preliminary judgment about materiality. Justify your
response.
5. Assuming that the end result is an unqualified audit report,
outline the primary responsibilities of the audit firm after it
issues the report in question.
6. Use at least two (2) quality academic resources in this
assignment. Note: Wikipedia and other Websites do not qualify
as academic resources.
Your assignment must follow these formatting requirements:
· This course requires use of Strayer Writing Standards (SWS).
The format is different than other Strayer University courses.
Please take a moment to review the SWS documentation for
details.
· Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the
date. The cover page and the reference page are not included in
the required assignment page length.
The specific course learning outcomes associated with this
assignment are:
· Plan and design a generalized audit program.
· Determine the nature and extent of evidence accumulated to
conduct an audit after considering the unique circumstances of
an engagement.
· Evaluate a company’s various risk factors and the related
impact to the audit process.
· Evaluate effective internal controls that minimize audit risk
and potentially reduce the risk of fraud.
· Use technology and information resources to research issues in
auditing.
· Write clearly and concisely about auditing using proper
writing mechanics.
Click here to view the grading rubric.
Communicating professionally and ethically is one of the
essential skill sets we can teach you at Strayer. The following
guidelines will ensure:
· Your writing is professional
· You avoid plagiarizing others, which is essential to writing
ethically
· You give credit to others in your work
Visit Strayer’s Academic Integrity Center for more information.
Winter 2019
https://pslogin.strayer.edu/?dest=academic-support/academic-
integrity-center
Strayer University Writing Standards 2
� Include page numbers.
� Use 1-inch margins.
� Use Arial, Courier, Times New Roman, or Calibri font style.
� Use 10-, 11-, or 12-point font size for the body of your text.
� Use numerals (1, 2, 3, and so on) or spell out numbers (one,
two, three, and so on).
Be consistent with your choice throughout the assignment.
� Use either single or double spacing, according to assignment
guidelines.
� If assignment requires a title page:
· Include the assignment title, your name, course title, your
professor’s name, and the
date of submission on a separate page.
� If assignment does not require a title page (stated in the
assignment details):
a. Include all required content in a header at the top of your
document.
or b. Include all required content where appropriate for
assignment format.
Examples of appropriate places per assignment: letterhead of a
business letter
assignment or a title slide for a PowerPoint presentation.
� Use appropriate language and be concise.
� Write in active voice when possible. Find tips here.
� Use the point of view (first, second, or third person) required
by the assignment
guidelines.
� Use spelling and grammar check and proofread to help
ensure your work is error free.
� Use credible sources to support your ideas/work. Find tips
here.
� Cite your sources throughout your work when you borrow
someone else’s words or ideas.
Give credit to the authors.
� Look for a permalink tool for a webpage when possible
(especially when an electronic
source requires logging in like the Strayer Library). Find tips
here.
� Add each cited source to the Source List at the end of your
assignment. (See the Giving
Credit to Authors and Sources section for more details.)
� Don’t forget to cite and add your textbook to the Source List
if you use it as a source.
� Include a Source List when the assignment requires research
or if you cite the textbook.
� Type “Sources” centered on the first line of the page.
� List the sources that you used in your assignment.
� Organize sources in a numbered list and in order of use
throughout the paper. Use the
original number when citing a source multiple times.
� For more information, see the Source List section.
General Standards
Use Appropriate
Formatting
Title Your Work
Write Clearly
Cite Credible
Sources
Build a
Source List
https://owl.english.purdue.edu/owl/resource/539/01/
http://libdatab.strayer.edu/login?url=http://search.ebscohost.co
m/login.aspx?direct=true&db=ers&AN=98402046&site=eds-
live&scope=site
https://cdnapisec.kaltura.com/index.php/extwidget/preview/part
ner_id/956951/uiconf_id/38285871/entry_id/1_w9soryj6/embed/
dynamic
Strayer University Writing Standards 3
Writing Assignments
Strayer University uses several different types of writing
assignments. The Strayer University
Student Writing Standards are designed to allow flexibility in
formatting your assignment and
giving credit to your sources. This section covers specific areas
to help you properly format
and develop your assignments. Note: The specific format
guidelines override guidelines in the
General Standards section.
Paper and Essay
Specific Format
Guidelines
PowerPoint or
Slideshow Specific
Format Guidelines
� Use double spacing throughout the body of your assignment.
� Use a consistent 12-point font throughout your assignment
submission. (For
acceptable fonts, see General Standards section.)
� Use the point of view (first or third person) required by the
assignment guidelines.
� Section headings can be used to divide different content
areas. Align section
headings (centered) on the page, be consistent, and include at
least two section
headings in the assignment.
� Follow all other General Standards section guidelines.
� Title slides should include the project name (title your work
to capture attention if
possible), a subtitle (if needed), the course title, and your name.
� Use spacing that improves professional style (mixing single
and double spacing as
needed).
� Use a background color or image on slides.
� Use Calibri, Lucida Console, Helvetica, Futura, Myriad Pro,
or Gill Sans font styles.
� Use 28-32 point font size for the body of your slides (based
on your chosen font
style). Avoid font sizes below 24-point.
� Use 36-44 point font size for the titles of your slides (based
on chosen font style).
� Limit content per slide (no more than 7 lines on any slide
and no more than 7
words per line).
� Include slide numbers when your slide show has 3+ slides.
You may place the
numbers wherever you like (but be consistent).
� Include appropriate images that connect directly to slide
content or presentation
content.
� Follow additional guidelines from the PowerPoint or
Slideshow Specific Format
Guidelines section and assignment guidelines.
Strayer University Writing Standards 4
Giving Credit to Authors and Sources
When quoting or paraphrasing another source, you need to give
credit by using an in-text
citation. An in-text citation includes the author’s last name and
the number of the source from
the Source List. A well-researched assignment has at least as
many sources as pages (see
Writing Assignments for the required number of sources). Find
tips here.
Option #1: Paraphrasing
Rewording Source Information in Your Own Words
· Rephrase the source information in your words.
Be sure not to repeat the same words of the author.
· Add a number to the end of your source (which will tie
to your Source List).
· Remember, you cannot just replace words of the
original sentence.
ORIGINAL SOURCE
“Writing at a college level requires informed
research.”
PARAPHRASING
As Harvey wrote, when writing a paper for
higher education, it is critical to research and
cite sources (1).
When writing a paper for higher education,
it is imperative to research and cite sources
(Harvey, 1).
Option #2: Quoting
Citing Another Person’s Work Word-For-Word
· Place quotation marks at the beginning and the end of
the quoted information.
· Add a number to the end of your source (which will tie
to your Source List).
· Do not quote more than one to two sentences
(approximately 25 words) at a time.
· Do not start a sentence with a quotation.
· Introduce and explain quotes within the context of
your paper.
ORIGINAL SOURCE
“Writing at a college level requires informed
research.”
QUOTING
Harvey wrote in his book, “Writing at a college
level requires informed research” (1).
Many authors agree, “Writing at a college
level requires informed research” (Harvey, 1).
http://libdatab.strayer.edu/login?url=http://search.ebscohost.co
m/login.aspx?direct=true&db=ers&AN=98402046&site=eds-
live&scope=site
Strayer University Writing Standards 5
Page Numbers
When referencing multiple pages in a text book or other
large book, consider adding page numbers to help the
reader understand where the information you referenced
can be found. You can do this in three ways:
a. In the body of your paper;
or b. In the citation;
or c. By listing page numbers in the order they were
used in your paper on the Source List.
Check with your instructor or the assignment guidelines to
see if there is a preference based on your course.
IN-TEXT CITATION
(Harvey, 1, p. 16)
In the example, the author is Harvey, the source list number
is 1, and the page number that this information can be
found on is page 16.
Multiple Sources (Synthesizing)
Synthesizing means using multiple sources in one sentence
or paragraph (typically paraphrased) to make a strong
point. This is normally done with more advanced writing,
but could happen in any writing where you use more than
one source.
The key here is clarity. If you paraphrase multiple sources
in the same sentence (of paragraph if the majority of the
information contained in the paragraph is paraphrased),
you should include each source in the citation. Separate
sources using semi-colons (;) and create the citation in
the normal style that you would for using only one source
(Name, Source Number).
SYNTHESIZED IN-TEXT CITATION
(Harvey, 1; Buchanan, 2)
In the example, the authors Harvey and Buchanan were
paraphrased to help the student make a strong point.
Harvey is the first source on the source list, and Buchanan is
the second source on the source list.
Traditional Sources
Strayer University Writing Standards 6
Discussion Posts
When quoting or paraphrasing a source for discussion
threads, include the source number in parenthesis after the
body text where you quote or paraphrase. At the end of
your post, type the word “Sources” and below that include
a list of any sources that you cited.
If you pulled information from more than one source,
continue to number the additional sources in the order that
they appear in your post.
For more information on building a Source List Entry, see
Source List section.
SAMPLE POST
The work is the important part of any writing
assignment. According to Smith, “writing
things down is the biggest challenge” (1).
This is significant because…
The other side of this is also important. It is
noted that “actually writing isn’t important as
much as putting ideas somewhere useful” (2).
SOURCES
1. William Smith. 2018. The Way Things Are.
http://www.samplesite.com/writing
2. Patricia Smith. 2018. The Way Things Really
Are. http://www.betterthansample.com/tiger
A web source is any source accessed through an internet
browser. Before using any source, first determine its credibility.
Then decide if the source is appropriate and relevant for your
project. Find tips here.
Home Pages
A home page is the main page that loads when you type
a standard web address. For instance, if you type Google.
com into the web browser, you will be taken to Google’s
home page.
If you do need to cite a home page, use the webpage’s
title from the browser. This found by moving your mouse
cursor over the webpage name at the top of the browser.
When citing a homepage, it is likely because there is a news
thread, image, or basic piece of information on a company
that you wish to include in your assignment.
Specific Web Pages
If you are using any web page other than the home page,
include the specific title of the page and the direct link (when
possible) for that specific page in your Source List Entry.
If your assignment used multiple pages from the same author/
source, create separate Source List Entries for each page
when possible (if the title and/or web address is different).
Web Sources
https://owl.purdue.edu/owl/research_and_citation/conducting_re
search/evaluating_sources_of_information/index.html
Strayer University Writing Standards 7
Effective Internet Links
When sharing a link to an article with your instructor and
classmates, start with a brief summary and why you chose
to share it.
Be sure to check the link you’re posting to be sure it will
work for your classmates. They should be able to just click
on the link and go directly to your shared site.
Share vs. URL Options
Cutting and pasting the URL (web address) from your browser
may not allow others to view your source. This makes it hard
for people to engage with the content you used.
To avoid this problem, look for a “share” option and choose
that when possible so your classmates and professor
get the full, direct link. Always test your link(s) before
submitting to make sure they work.
If you cannot properly share the link, include the article as an
attachment. Interested classmates and your professor can
reference the article shared as an attachment. Find tips here.
POOR EXAMPLE
Hey check out this article: http://www.
Jobs4You.FED/Jobs_u_can_get
BETTER EXAMPLE
After reading the textbook this week, I
researched job sites. I found an article on how
to find the best job site depending on the job
you’re looking for. The author shared some
interesting tools such as job sites that collect job
postings from other sites and ranks them from
newest to oldest, depending on category. Check
out the article at this link: http://www.Jobs4You.
FED/Jobs_u_can_get
Charts, images, and tables should be centered and followed by
an in-text citation. Design your page and place a citation
below the chart, image, or table. When referring to the chart,
image, or table in the body of the assignment, use the citation.
On your Source List, provide the following details of the visual:
· Author’s name (if created by you, provide your name)
· Date (if created by you, provide the year)
· Type (Chart, Image, or Table)
· How to find it (link or other information – See Source List
section for additional details).
Charts, Images, and Tables
https://nyti.ms/24L5XkV
Strayer University Writing Standards 8
Source List
The Source List (which includes the sources that you used in
your assignment) is a new page
you add at the end of your paper. The list has two purposes: it
gives credit to the authors that
you use and gives your readers enough information to find the
source without your help. Build
your Source List as you write.
· Type “Sources” at the top of a new page.
· Include a numbered list of the sources you used in your paper
(the numbers
indicate the order in which you used them).
1. Use the number one (1) for the first source used in the paper,
the number
two (2) for the second source, and so on.
2. Use the same number for a source if you use it multiple
times.
· Ensure each source includes five parts: author or
organization, publication date,
title, page number (if needed), and how to find it. If you have
trouble finding
these details, then re-evaluate the credibility of your source.
· Use the browser link for a public webpage.
· Use a permalink for a webpage when possible. Find tips here.
· Instruct your readers how to find all sources that do not have
a browser link
or a permalink.
· Separate each Source List Element with a period on your
Source List.
AUTHOR PUBLICATION DATE TITLE PAGE NO. HOW TO
FIND
The person(s) who
published the source. This
can be a single person,
a group of people, or an
organization. If the source
has no author, use “No
author” where you would
list the author.
The date the source was
published. If the source
has no publication date,
use “No date” where you
would list the date.
The title of the
source. If the
source has no title,
use “No title”
where you would
list the title.
The page
number(s) used. If
the source has no
page numbers,
omit this section
from your Source
List Entry.
Instruct readers how to find
all sources. Keep explanations
simple and concise, but
provide enough information
so the source can be located.
Note: It is your responsibility
to make sure the source can
be found.
Michael Harvey
In the case of multiple
authors, only list the first.
2013
This is not the same as
copyright date, which is
denoted by ©
The Nuts &
Bolts of College
Writing
p. 1
Include p. and
the page(s) used.
http://libdatab.strayer.edu/
login?url=http://search.
ebscohost.com/login.aspx
Setting Up the
Source List Page
Creating a
Source List Entry
Source List Elements
Strayer University Writing Standards 9
1. Michael Harvey. 2013. The Nuts & Bolts of College Writing.
p. 1. http://libdatab.strayer.edu/
login?url=http://search.ebscohost.com/login.aspx
1. Michael Harvey. 2013. The Nuts & Bolts of College Writing.
p. 1. http://libdatab.strayer.edu/login?url=http://search.
ebscohost.com/login.aspx
2. William R. Stanek. 2010. Storyboarding Techniques chapter
in Effective Writing for Business, College and Life. http://
libdatab.strayer.edu/login?url=http://search.ebscohost.com/login
.aspx?direct=true&db=nlebk&AN=359141&site=e
ds-live&scope=site&ebv=EB&ppid=pp_23
3. Zyad Hicham. 2017. Vocabulary Growth in College-Level
Students’ Narrative Writing. http://libdatab.strayer.edu/
login?url=http://search.ebscohost.com/login.aspx?direct=true&d
b=edsdoj&AN=edsdoj.9b7fad40e529462bafe3a936
aaf81420&site=eds-live&scope=site
4. Anya Kamenetz. July 10, 2015. The Writing Assignment That
Changes Lives. https://www.npr.org/sections/
ed/2015/07/10/419202925/the-writing-assignment-that-changes-
lives
5. Brad Thor. June 14, 2016. The Best Writing Advice I Ever
Got. http://time.com/4363050/brad-thor-best-writing-advice/
6. Karen Hertzberg. June 15, 2017. How to Improve Writing
Skills in 15 Easy Steps. https://www.grammarly.com/blog/
how-to-improve-writing-skills/
7. Roy Peter Clark. 2008. Writing Tools: 55 Essential Strategies
for Every Writer. p.55-67. Book on Amazon.com.
8. C.M. Gill. 2014. The Psychology of Grading and Scoring
chapter in Essential Writing Skills for College & Beyond.
Textbook.
9. ABC Company’s Policy & Procedures Committee. No Date.
Employee Dress and Attendance Policy. Policy in my office.
10. Henry M. Sayre. 2014. The Humanities: Culture, Continuity
and Change, Vol. 1. This is the HUM111 textbook.
11. Savannah Student. 2018. Image. http://www.studentsite.com
12. Don Dollarsign. 2018. Chart.
http://www.allaboutthemoney.com
13. Company Newsletter Name. 2018. Table. Company
Newsletter Printed Copy (provided upon request).

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ACC 403- ASSIGNMENT 2 RUBRIC!!!Points 280Assignment 2 Audi.docx

  • 1. ACC 403- ASSIGNMENT 2 RUBRIC!!! Points: 280 Assignment 2: Audit Planning and Control Criteria UnacceptableBelow 60% F Meets Minimum Expectations60-69% D Fair70-79% C Proficient80-89% B Exemplary90-100% A 1. Outline the critical steps inherent in planning an audit and designing an effective audit program. Based upon the type of company selected, provide specific details of the actions that the company should undertake during planning and designing the audit program. Weight: 15% Did not submit or incompletely outlined the critical steps inherent in planning an audit and designing an effective audit program. Did not submit or incompletely provided specific details of the actions that the company should undertake during planning and designing the audit program, based upon the type of company selected. Insufficiently outlined the critical steps inherent in planning an audit and designing an effective audit program. Insufficiently provided specific details of the actions that the company should undertake during planning and designing the audit program, based upon the type of company selected. Partially outlined the critical steps inherent in planning an audit and designing an effective audit program. Partially provided specific details of the actions that the company should
  • 2. undertake during planning and designing the audit program, based upon the type of company selected. Satisfactorily outlined the critical steps inherent in planning an audit and designing an effective audit program. Satisfactorily provided specific details of the actions that the company should undertake during planning and designing the audit program, based upon the type of company selected. Thoroughly outlined the critical steps inherent in planning an audit and designing an effective audit program. Thoroughly provided specific details of the actions that the company should undertake during planning and designing the audit program, based upon the type of company selected. 2. Examine at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit. Weight: 15% Did not submit or incompletely examined at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Did not submit or incompletely identified the accounts that you would test; did not submit or incompletely selected at least three (3) analytical procedures that you would use in your audit. Insufficiently examined at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Insufficiently identified the accounts that you would test; insufficiently selected at least three (3) analytical procedures that you would use in your audit. Partially examined at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Partially identified the accounts that you would test; partially selected at least three (3) analytical procedures that you would use in your audit. Satisfactorily examined at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Satisfactorily identified the accounts that you would
  • 3. test; satisfactorily selected at least three (3) analytical procedures that you would use in your audit. Thoroughly examined at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Thoroughly identified the accounts that you would test; thoroughly selected at least three (3) analytical procedures that you would use in your audit. 3. Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection which should include, but not be limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. Weight: 15% Did not submit or incompletely analyzed the balance sheet and income statement of the company that you have selected; did not submit or incompletely outlined your method for evidence collection which included, but was not limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. Insufficiently analyzed the balance sheet and income statement of the company that you have selected; insufficiently outlined your method for evidence collection which included, but was not limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. Partially analyzed the balance sheet and income statement of the company that you have selected; partially outlined your method for evidence collection which included, but was not limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. Satisfactorily analyzed the balance sheet and income statement of the company that you have selected; satisfactorily outlined your method for evidence collection which included, but was not limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. Thoroughly analyzed the balance sheet and income statement of the company that you have selected; thoroughly outlined your
  • 4. method for evidence collection which included, but was not limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence. 4. Discuss the audit risk model, and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response. Weight: 15% Did not submit or incompletely discussed the audit risk model; did not complete or incompletely ascertained which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Did not submit or incompletely justified your response. Insufficiently discussed the audit risk model; insufficiently ascertained which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Insufficiently justified your response. Partially discussed the audit risk model; partially ascertained which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Partially justified your response. Satisfactorily discussed the audit risk model; satisfactorily ascertained which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Satisfactorily justified your response. Thoroughly discussed the audit risk model; thoroughly ascertained which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Thoroughly justified your response. 5. Assuming that the end result is an unqualified audit report, outline the primary responsibilities of the audit firm after it issues the report in question. Weight: 15% Did not submit or incompletely outlined the primary responsibilities of the audit firm after it issues the report in question, assuming that the end result is an unqualified audit
  • 5. report. Insufficiently outlined the primary responsibilities of the audit firm after it issues the report in question, assuming that the end result is an unqualified audit report. Partially outlined the primary responsibilities of the audit firm after it issues the report in question, assuming that the end result is an unqualified audit report. Satisfactorily outlined the primary responsibilities of the audit firm after it issues the report in question, assuming that the end result is an unqualified audit report. Thoroughly outlined the primary responsibilities of the audit firm after it issues the report in question, assuming that the end result is an unqualified audit report. 6. 2 references (or number in the assignment) Weight: 5% No references provided Does not meet the required number of references, and / or references are of poor quality. Meets the required number of references; some or all references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices. 7. Writing Mechanics, Grammar, and Formatting Weight: 5% Serious and persistent errors in grammar, spelling, punctuation, or formatting. Numerous errors in grammar, spelling, and punctuation. Partially free of errors in grammar, spelling, punctuation, or formatting. Mostly free of errors in grammar, spelling, punctuation, or formatting. Error free or almost error free grammar, spelling, punctuation, or formatting. 8. Appropriate use of SWS in-text citations and reference
  • 6. section (if applicable, might not apply to some 100 level courses such as ACC100) Weight: 5% Lack of in-text citations and / or lack of reference section. In-text citations and references are given, but not in SWS format. In-text citations and references are provided, but they are only partially formatted correctly in SWS style. Most in-text citations and references are provided, and they are generally formatted correctly in SWS style. In-text citations and references are error free or almost error free and consistently formatted correctly in SWS style. 9. Information Literacy/Integration of Sources Weight: 5% Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations. Sources are rarely integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing. 10. Clarity and Coherence of Writing Weight: 5% Information is confusing to the reader and fails to include reasons and evidence that logically support ideas. Information is somewhat confusing with not enough reasons and evidence that logically support ideas. Information is partially clear with minimal reasons and evidence that logically support ideas. Information is mostly clear and generally supported with reasons and evidence that logically support ideas. Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas.
  • 7. ACC 403- Auditing Instructors, training on how to grade is within the Instructor Center. Assignment 2: Audit Planning and Control Due Week 8 and worth 280 points It is common industry knowledge that an audit plan provides the specific guidelines auditors must follow when conducting an external audit. External public accounting firms conduct external audits to ensure outside stakeholders that the company’s financial statements are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) standards. Use the Internet to select a public company that appeals to you. Imagine that you are a senior partner in a public accounting firm hired to complete an audit for the chosen public company. Write a four to six (4-5) page paper in which you: 1. Outline the critical steps inherent in planning an audit and designing an effective audit program. Based upon the type of company selected, provide specific details of the actions that the company should undertake during planning and designing the audit program. 2. Examine at least two (2) performance ratios that you would use in order to determine which analytical tests to perform. Identify the accounts that you would test, and select at least three (3) analytical procedures that you would use in your audit. 3. Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection which should include, but not be limited to, the type of evidence to collect and the manner in which you would determine the sufficiency of the evidence.
  • 8. 4. Discuss the audit risk model, and ascertain which sampling or non-sampling techniques you would use in order to establish your preliminary judgment about materiality. Justify your response. 5. Assuming that the end result is an unqualified audit report, outline the primary responsibilities of the audit firm after it issues the report in question. 6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: · This course requires use of Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details. · Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: · Plan and design a generalized audit program. · Determine the nature and extent of evidence accumulated to conduct an audit after considering the unique circumstances of an engagement. · Evaluate a company’s various risk factors and the related impact to the audit process. · Evaluate effective internal controls that minimize audit risk and potentially reduce the risk of fraud. · Use technology and information resources to research issues in auditing. · Write clearly and concisely about auditing using proper writing mechanics. Click here to view the grading rubric.
  • 9. Communicating professionally and ethically is one of the essential skill sets we can teach you at Strayer. The following guidelines will ensure: · Your writing is professional · You avoid plagiarizing others, which is essential to writing ethically · You give credit to others in your work Visit Strayer’s Academic Integrity Center for more information. Winter 2019 https://pslogin.strayer.edu/?dest=academic-support/academic- integrity-center Strayer University Writing Standards 2 � Include page numbers. � Use 1-inch margins. � Use Arial, Courier, Times New Roman, or Calibri font style. � Use 10-, 11-, or 12-point font size for the body of your text. � Use numerals (1, 2, 3, and so on) or spell out numbers (one, two, three, and so on). Be consistent with your choice throughout the assignment. � Use either single or double spacing, according to assignment guidelines.
  • 10. � If assignment requires a title page: · Include the assignment title, your name, course title, your professor’s name, and the date of submission on a separate page. � If assignment does not require a title page (stated in the assignment details): a. Include all required content in a header at the top of your document. or b. Include all required content where appropriate for assignment format. Examples of appropriate places per assignment: letterhead of a business letter assignment or a title slide for a PowerPoint presentation. � Use appropriate language and be concise. � Write in active voice when possible. Find tips here. � Use the point of view (first, second, or third person) required by the assignment guidelines. � Use spelling and grammar check and proofread to help ensure your work is error free. � Use credible sources to support your ideas/work. Find tips here. � Cite your sources throughout your work when you borrow someone else’s words or ideas. Give credit to the authors. � Look for a permalink tool for a webpage when possible
  • 11. (especially when an electronic source requires logging in like the Strayer Library). Find tips here. � Add each cited source to the Source List at the end of your assignment. (See the Giving Credit to Authors and Sources section for more details.) � Don’t forget to cite and add your textbook to the Source List if you use it as a source. � Include a Source List when the assignment requires research or if you cite the textbook. � Type “Sources” centered on the first line of the page. � List the sources that you used in your assignment. � Organize sources in a numbered list and in order of use throughout the paper. Use the original number when citing a source multiple times. � For more information, see the Source List section. General Standards Use Appropriate Formatting Title Your Work Write Clearly Cite Credible Sources
  • 12. Build a Source List https://owl.english.purdue.edu/owl/resource/539/01/ http://libdatab.strayer.edu/login?url=http://search.ebscohost.co m/login.aspx?direct=true&db=ers&AN=98402046&site=eds- live&scope=site https://cdnapisec.kaltura.com/index.php/extwidget/preview/part ner_id/956951/uiconf_id/38285871/entry_id/1_w9soryj6/embed/ dynamic Strayer University Writing Standards 3 Writing Assignments Strayer University uses several different types of writing assignments. The Strayer University Student Writing Standards are designed to allow flexibility in formatting your assignment and giving credit to your sources. This section covers specific areas to help you properly format and develop your assignments. Note: The specific format guidelines override guidelines in the General Standards section. Paper and Essay Specific Format Guidelines PowerPoint or Slideshow Specific Format Guidelines � Use double spacing throughout the body of your assignment. � Use a consistent 12-point font throughout your assignment
  • 13. submission. (For acceptable fonts, see General Standards section.) � Use the point of view (first or third person) required by the assignment guidelines. � Section headings can be used to divide different content areas. Align section headings (centered) on the page, be consistent, and include at least two section headings in the assignment. � Follow all other General Standards section guidelines. � Title slides should include the project name (title your work to capture attention if possible), a subtitle (if needed), the course title, and your name. � Use spacing that improves professional style (mixing single and double spacing as needed). � Use a background color or image on slides. � Use Calibri, Lucida Console, Helvetica, Futura, Myriad Pro, or Gill Sans font styles. � Use 28-32 point font size for the body of your slides (based on your chosen font style). Avoid font sizes below 24-point. � Use 36-44 point font size for the titles of your slides (based on chosen font style). � Limit content per slide (no more than 7 lines on any slide and no more than 7
  • 14. words per line). � Include slide numbers when your slide show has 3+ slides. You may place the numbers wherever you like (but be consistent). � Include appropriate images that connect directly to slide content or presentation content. � Follow additional guidelines from the PowerPoint or Slideshow Specific Format Guidelines section and assignment guidelines. Strayer University Writing Standards 4 Giving Credit to Authors and Sources When quoting or paraphrasing another source, you need to give credit by using an in-text citation. An in-text citation includes the author’s last name and the number of the source from the Source List. A well-researched assignment has at least as many sources as pages (see Writing Assignments for the required number of sources). Find tips here. Option #1: Paraphrasing Rewording Source Information in Your Own Words · Rephrase the source information in your words. Be sure not to repeat the same words of the author. · Add a number to the end of your source (which will tie to your Source List).
  • 15. · Remember, you cannot just replace words of the original sentence. ORIGINAL SOURCE “Writing at a college level requires informed research.” PARAPHRASING As Harvey wrote, when writing a paper for higher education, it is critical to research and cite sources (1). When writing a paper for higher education, it is imperative to research and cite sources (Harvey, 1). Option #2: Quoting Citing Another Person’s Work Word-For-Word · Place quotation marks at the beginning and the end of the quoted information. · Add a number to the end of your source (which will tie to your Source List). · Do not quote more than one to two sentences (approximately 25 words) at a time. · Do not start a sentence with a quotation. · Introduce and explain quotes within the context of your paper.
  • 16. ORIGINAL SOURCE “Writing at a college level requires informed research.” QUOTING Harvey wrote in his book, “Writing at a college level requires informed research” (1). Many authors agree, “Writing at a college level requires informed research” (Harvey, 1). http://libdatab.strayer.edu/login?url=http://search.ebscohost.co m/login.aspx?direct=true&db=ers&AN=98402046&site=eds- live&scope=site Strayer University Writing Standards 5 Page Numbers When referencing multiple pages in a text book or other large book, consider adding page numbers to help the reader understand where the information you referenced can be found. You can do this in three ways: a. In the body of your paper; or b. In the citation; or c. By listing page numbers in the order they were used in your paper on the Source List. Check with your instructor or the assignment guidelines to
  • 17. see if there is a preference based on your course. IN-TEXT CITATION (Harvey, 1, p. 16) In the example, the author is Harvey, the source list number is 1, and the page number that this information can be found on is page 16. Multiple Sources (Synthesizing) Synthesizing means using multiple sources in one sentence or paragraph (typically paraphrased) to make a strong point. This is normally done with more advanced writing, but could happen in any writing where you use more than one source. The key here is clarity. If you paraphrase multiple sources in the same sentence (of paragraph if the majority of the information contained in the paragraph is paraphrased), you should include each source in the citation. Separate sources using semi-colons (;) and create the citation in the normal style that you would for using only one source (Name, Source Number). SYNTHESIZED IN-TEXT CITATION (Harvey, 1; Buchanan, 2) In the example, the authors Harvey and Buchanan were paraphrased to help the student make a strong point. Harvey is the first source on the source list, and Buchanan is the second source on the source list.
  • 18. Traditional Sources Strayer University Writing Standards 6 Discussion Posts When quoting or paraphrasing a source for discussion threads, include the source number in parenthesis after the body text where you quote or paraphrase. At the end of your post, type the word “Sources” and below that include a list of any sources that you cited. If you pulled information from more than one source, continue to number the additional sources in the order that they appear in your post. For more information on building a Source List Entry, see Source List section. SAMPLE POST The work is the important part of any writing assignment. According to Smith, “writing things down is the biggest challenge” (1). This is significant because… The other side of this is also important. It is noted that “actually writing isn’t important as much as putting ideas somewhere useful” (2). SOURCES 1. William Smith. 2018. The Way Things Are. http://www.samplesite.com/writing
  • 19. 2. Patricia Smith. 2018. The Way Things Really Are. http://www.betterthansample.com/tiger A web source is any source accessed through an internet browser. Before using any source, first determine its credibility. Then decide if the source is appropriate and relevant for your project. Find tips here. Home Pages A home page is the main page that loads when you type a standard web address. For instance, if you type Google. com into the web browser, you will be taken to Google’s home page. If you do need to cite a home page, use the webpage’s title from the browser. This found by moving your mouse cursor over the webpage name at the top of the browser. When citing a homepage, it is likely because there is a news thread, image, or basic piece of information on a company that you wish to include in your assignment. Specific Web Pages If you are using any web page other than the home page, include the specific title of the page and the direct link (when possible) for that specific page in your Source List Entry. If your assignment used multiple pages from the same author/ source, create separate Source List Entries for each page when possible (if the title and/or web address is different). Web Sources https://owl.purdue.edu/owl/research_and_citation/conducting_re search/evaluating_sources_of_information/index.html
  • 20. Strayer University Writing Standards 7 Effective Internet Links When sharing a link to an article with your instructor and classmates, start with a brief summary and why you chose to share it. Be sure to check the link you’re posting to be sure it will work for your classmates. They should be able to just click on the link and go directly to your shared site. Share vs. URL Options Cutting and pasting the URL (web address) from your browser may not allow others to view your source. This makes it hard for people to engage with the content you used. To avoid this problem, look for a “share” option and choose that when possible so your classmates and professor get the full, direct link. Always test your link(s) before submitting to make sure they work. If you cannot properly share the link, include the article as an attachment. Interested classmates and your professor can reference the article shared as an attachment. Find tips here. POOR EXAMPLE Hey check out this article: http://www. Jobs4You.FED/Jobs_u_can_get BETTER EXAMPLE After reading the textbook this week, I
  • 21. researched job sites. I found an article on how to find the best job site depending on the job you’re looking for. The author shared some interesting tools such as job sites that collect job postings from other sites and ranks them from newest to oldest, depending on category. Check out the article at this link: http://www.Jobs4You. FED/Jobs_u_can_get Charts, images, and tables should be centered and followed by an in-text citation. Design your page and place a citation below the chart, image, or table. When referring to the chart, image, or table in the body of the assignment, use the citation. On your Source List, provide the following details of the visual: · Author’s name (if created by you, provide your name) · Date (if created by you, provide the year) · Type (Chart, Image, or Table) · How to find it (link or other information – See Source List section for additional details). Charts, Images, and Tables https://nyti.ms/24L5XkV Strayer University Writing Standards 8 Source List The Source List (which includes the sources that you used in your assignment) is a new page you add at the end of your paper. The list has two purposes: it gives credit to the authors that you use and gives your readers enough information to find the source without your help. Build
  • 22. your Source List as you write. · Type “Sources” at the top of a new page. · Include a numbered list of the sources you used in your paper (the numbers indicate the order in which you used them). 1. Use the number one (1) for the first source used in the paper, the number two (2) for the second source, and so on. 2. Use the same number for a source if you use it multiple times. · Ensure each source includes five parts: author or organization, publication date, title, page number (if needed), and how to find it. If you have trouble finding these details, then re-evaluate the credibility of your source. · Use the browser link for a public webpage. · Use a permalink for a webpage when possible. Find tips here. · Instruct your readers how to find all sources that do not have a browser link or a permalink. · Separate each Source List Element with a period on your Source List. AUTHOR PUBLICATION DATE TITLE PAGE NO. HOW TO FIND The person(s) who published the source. This
  • 23. can be a single person, a group of people, or an organization. If the source has no author, use “No author” where you would list the author. The date the source was published. If the source has no publication date, use “No date” where you would list the date. The title of the source. If the source has no title, use “No title” where you would list the title. The page number(s) used. If the source has no page numbers, omit this section from your Source List Entry. Instruct readers how to find all sources. Keep explanations simple and concise, but provide enough information so the source can be located. Note: It is your responsibility to make sure the source can be found.
  • 24. Michael Harvey In the case of multiple authors, only list the first. 2013 This is not the same as copyright date, which is denoted by © The Nuts & Bolts of College Writing p. 1 Include p. and the page(s) used. http://libdatab.strayer.edu/ login?url=http://search. ebscohost.com/login.aspx Setting Up the Source List Page Creating a Source List Entry Source List Elements
  • 25. Strayer University Writing Standards 9 1. Michael Harvey. 2013. The Nuts & Bolts of College Writing. p. 1. http://libdatab.strayer.edu/ login?url=http://search.ebscohost.com/login.aspx 1. Michael Harvey. 2013. The Nuts & Bolts of College Writing. p. 1. http://libdatab.strayer.edu/login?url=http://search. ebscohost.com/login.aspx 2. William R. Stanek. 2010. Storyboarding Techniques chapter in Effective Writing for Business, College and Life. http:// libdatab.strayer.edu/login?url=http://search.ebscohost.com/login .aspx?direct=true&db=nlebk&AN=359141&site=e ds-live&scope=site&ebv=EB&ppid=pp_23 3. Zyad Hicham. 2017. Vocabulary Growth in College-Level Students’ Narrative Writing. http://libdatab.strayer.edu/ login?url=http://search.ebscohost.com/login.aspx?direct=true&d b=edsdoj&AN=edsdoj.9b7fad40e529462bafe3a936 aaf81420&site=eds-live&scope=site 4. Anya Kamenetz. July 10, 2015. The Writing Assignment That Changes Lives. https://www.npr.org/sections/ ed/2015/07/10/419202925/the-writing-assignment-that-changes- lives 5. Brad Thor. June 14, 2016. The Best Writing Advice I Ever Got. http://time.com/4363050/brad-thor-best-writing-advice/ 6. Karen Hertzberg. June 15, 2017. How to Improve Writing
  • 26. Skills in 15 Easy Steps. https://www.grammarly.com/blog/ how-to-improve-writing-skills/ 7. Roy Peter Clark. 2008. Writing Tools: 55 Essential Strategies for Every Writer. p.55-67. Book on Amazon.com. 8. C.M. Gill. 2014. The Psychology of Grading and Scoring chapter in Essential Writing Skills for College & Beyond. Textbook. 9. ABC Company’s Policy & Procedures Committee. No Date. Employee Dress and Attendance Policy. Policy in my office. 10. Henry M. Sayre. 2014. The Humanities: Culture, Continuity and Change, Vol. 1. This is the HUM111 textbook. 11. Savannah Student. 2018. Image. http://www.studentsite.com 12. Don Dollarsign. 2018. Chart. http://www.allaboutthemoney.com 13. Company Newsletter Name. 2018. Table. Company Newsletter Printed Copy (provided upon request).