Overview
Auditing
(Files are attached) (Follow the Directions in the rubric)
Required: Complete the following activities:
Submit the Microsoft Excel work papers to the Module 3 Critical Thinking Assignment in Canvas. Review the grading rubric to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
Rubric
ACT450_M03_CT
| ACT450_M03_CT | ||
| Criteria | Ratings | Pts |
| This criterion is linked to a Learning OutcomeA-0 Planning Audit Program, and Tabs A-1 and A-2: Foot balances and ensure mathematical accuracy of PBC trial balances. | 30 to >25.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment. 25 to >19.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment 19 to >13.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment. 13 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment. | 30 pts |
| This criterion is linked to a Learning OutcomeA-0 Planning Audit Program, and Tab A-3: Trace prior period balances to the closing balance in the prior period's financial statements (10-K). Note: some amounts on the financial statements are the sum of multiple TB accounts. | 30 to >25.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment 25 to >19.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment 19 to >13.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment. 13 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment | 30 pts |
| This criterion is linked to a Learning OutcomeA-0 Planning Audit Program and Tab A-5: Complete Materiality Memo | 30 to >25.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment. 25 to >19.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment 19 to >13.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment. 13 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment. | 30 pts |
| This criterion is linked to a Learning OutcomeComplete Audit Risk Assessment | 30 to >25.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment 25 to >19.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment 19 to >13.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment. 13 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment | 30 pts |
| This criterion is linked to a Learning OutcomeWorkpapers contain the following: 1. Your initials in the box in the top right marked "Prepared By" 2. Completed workbook is renamed as PLAN_Firstname_Lastname and uploaded | 5 to >4.0 ptsMeets ExpectationIncludes all of the required components, as specified in the assignment. 4 to >3.0 ptsApproaches ExpectationIncludes most of the required components, as specified in the assignment 3 to >2.0 ptsBelow ExpectationIncludes some of the required components, as specified in the assignment. 2 to >0 ptsLimited EvidenceIncludes few of the required components, as specified in the assignment | 5 pts |
Total Points: 125