Memo

ACC 660 Module Eight Memo: Internal Controls Guidelines and Rubric Prompt: Brenda, an accounts payable employee, is going out on maternity leave for three months. Susan, another member of the accounting department who is responsible for bank reconciliations and filing, has given her two weeks’ notice. Their departures leave just your three existing members of the accounting department. What is your plan to cover their responsibilities? Write a memo to the CEO of your company, from a controller’s perspective, considering the need for internal controls. Guidelines for Submission: Your memo must be submitted as a one- to two-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three scholarly resources cited in APA format. Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value

Need for Internal Controls

Meets “Proficient” criteria and supports recommendation for internal controls with scholarly research

Conveys the need for internal controls to be put in place

Fails to make a persuasive argument for internal controls to be put in place

Does not make an argument for internal controls to be put in place

30

Critical Thinking Draws insightful conclusions that are thoroughly defended with evidence and examples

Draws informed conclusions that are justified with evidence

Draws logical conclusions, but does not defend with evidence

Does not draw logical conclusions

30

Research Incorporates many scholarly resources effectively that reflect depth and breadth of research

Incorporates some scholarly resources effectively that reflect depth and breadth of research

Incorporates very few scholarly resources that reflect depth and breadth of research

Does not incorporate scholarly resources that reflect depth and breadth of research

30

Articulation of Response

Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Total 100%