Accounting and Finance Foundations

Unit 13

Accounting and Finance Foundations Unit 13: Auditing 1025

AuditingOpen-Response Unit Assessment S/T Guide

Evaluation Criteria

You must score a 3 or 4 on the scenario in order to pass this assessment.

Scoring Rubric

4

•    Thoroughly describes the purpose of the auditor’s report

•    Clearly identifies the addressee of the auditor’s report

•    Explains the auditor’s and company management’s responsibilities during an audit correctly

•    Thoroughly explains the auditor’s opinions regarding Microsoft’s financial statements and

internal controls

3

•    Adequately describes the purpose of the auditor’s report

•    Identifies the addressee of the auditor’s report in a reasonably clear manner

•    Explains most or all of the auditor’s and company management’s responsibilities during an

audit correctly

•    Adequately explains the auditor’s opinions regarding Microsoft’s financial statements and

internal controls

2

•    Provides limited explanation of the purpose of the auditor’s report

•    Provides limited explanation of the addressee of the auditor’s report

•    Explains some of the auditor’s and company management’s responsibilities during an

audit correctly

•    Provides limited explanation of the auditor’s opinions regarding Microsoft’s financial statements

and internal controls

1

•    Provides little or no explanation of the purpose of the auditor’s report

•    Provides little or no explanation of the addressee of the auditor’s report

•    Explains the auditor’s and company management’s responsibilities during an audit incorrectly

•    Provides little or no explanation of the auditor’s opinions regarding Microsoft’s financial statements

and internal controls