Auditing homework

This assignment is very detailed and I would need someone to have auditing experience in the accounting field. Accounting/Auditing helpers Only. Please see attachment before responding to the paper.   To successfully complete this assignment you have to use the textbook you can located the Auditing book to find appendix 6c and figure 18.8 and any other reference by..

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Audit Report Modifications

The final paper will be based on Appendix 6C Illustrative Audit Case: Keystone Computers at pages 237-244 in your text. Write, in outline format but in complete sentences, a 6 to 10 page audit plan. It is recommended that you look at Figure 18.8 on page 708, which shows the control objectives related to accounts receivable.

In your audit plan cover the steps necessary to determine if you should select the client, the internal control procedures which need to be reviewed, the substantive tests [using accounts receivable a guide], and the final reporting steps. Based on the actual facts in the case determine the emphasis you want to place on various accounts. Also reflect back over your entire accounting program and think about how the accounts are interrelated. For example, when allowance for doubtful accounts is credited the offset is to bad debt expense. Therefore one of the steps should be to trace the debit side of the entry to the balance for bad debt expense.

Make your comments as specific as possible. Rather than say look for unusual entries, say look for entries from unusual sources and rounded amounts with focus on those near an accounting cut off. Use precise language. Rather than saying you “vouched accounts payable,” say that you looked at the item to determine that it was a bona fide business expense. Remember to focus on the key audit objectives and support needed after applying the audit risk model.

Remember, the purpose of the Final Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of accounting.

The Final Paper should focus on real life, real time application of topics covered in this course; the uses you have seen and the uses you can envision.  The paper must be submitted to your instructor no later than the last day of class. Earlier submittal is appreciated.

Writing the Final Paper

The Final Paper:

• Must be six to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.
• Must include a title page with the following:
  • Title of paper
  • Student’s name
  • Course name and number
  • Instructor’s name
  • Date submitted
• Must begin with an introductory paragraph that has a succinct thesis statement.
• Must address the topic of the paper with critical thought.
• Must end with a conclusion that reaffirms your thesis.
• Must use at least three scholarly sources, including a minimum of one from the Ashford Online Library.
• Must document all sources in APA style, as outlined in the Ashford Writing Center.
• Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.

Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.

Waypoint Assignment Submission

The assignments in this course will be submitted to Waypoint.  Please refer to the instructions below to submit your assignment.

1. Click on the Assignment Submission button below. The Waypoint "Student Dashboard" will open in a new browser window.
2. Browse for your assignment.
3. Click Upload.
4. Confirm that your assignment was successfully submitted by viewing the appropriate week's assignment tab in Waypoint.

Grading rubric

Description:

Total Possible Score: 20.00

Client Selection

Total: 4.00

Distinguished - Identified all of the necessary steps in determining whether to select the client.  Specific comments and precise language was used in justifying the determination.

Proficient - Identified all of the necessary steps in determining whether to select the client.  Some comments were specific and language was mostly precise.

Basic - Identified most of the necessary steps in determination of selecting the client.  Comments were not specific and language was not precise.

Below Expectations - Did not identify any of the necessary steps in selecting the client.  Language was vague and broad and comments were indirect or non-existent.

Non-Performance - Identification of necessary steps to select the client is either non-existent or lacks the components described in the assignment instructions.

Internal Control Procedures

Total: 4.00

Distinguished - Analysis was substantial, comprehensive and detailed.  Language used in the analysis was precise.  Focused on key audit objectives and practical application of auditing procedures.

Proficient - Analysis was detailed but not comprehensive. Some precise language was used.  Key audit objectives and practical application of auditing procedures were addressed but not focused on directly.

Basic - Analysis was brief or incomplete.  Language used in the analysis was not precise.  Key audit objectives and practical application of auditing procedures was vaguely mentioned.

Below Expectations - Analysis was not addressed at all.  Language used in the analysis was vague and broad.  Lack of focus on key audit objectives and practical application of auditing procedures.

Non-Performance - Analysis of internal control procedures for review is either non-existent or lacks the components described in the assignment instructions.

Substantive Tests

Total: 4.00

Distinguished - Selection of substantive tests was comprehensive and detailed.  Emphasis on selected accounts was addressed and thoroughly discussed in great detail. 

Proficient - Selection of substantive tests was thorough.  Emphasis on selected accounts was addressed and discussed in some detail. 

Basic - Selection of substantive tests was partially complete but not comprehensive.  Minimal emphasis was addressed on selected accounts with little to no discussion.

Below Expectations - Selection of substantive tests was incomplete or not addressed. Lack of emphasis on selected accounts. No discussion on determination of emphasis.

Non-Performance - The selection of substantive tests to run during the audit and determination of emphasis on selected accounts is either non-existent or lacks the components described in the assignment instructions.

Final Reporting Steps

Total: 4.00

Distinguished - Final reporting steps were thoroughly outlined in exact detail.  Support needed after applying audit risk model was substantially addressed.

Proficient - Final reporting steps were outlined in substantial but not exact detail. Support needed after applying audit risk model was addressed.

Basic - Final reporting steps were broadly outlined.  Support needed after applying audit risk model was vaguely addressed. 

Below Expectations - Final reporting steps were not mentioned or vaguely outlined.  Support needed after applying audit risk model was not addressed.

Non-Performance - The outline of final reporting steps while addressing support needed after applying audit risk model is either non-existent or lacks the components described in the assignment instructions.

Critical Thinking: Conclusions and Related Outcomes

Total: 1.00

Distinguished - Conclusions and related outcomes are logical and clearly reflect student’s informed evaluation and ability to place evidence and perspectives discussed in priority order.

Proficient - Conclusions and related outcomes are logical and reflect student’s informed evaluation and ability to place evidence and perspectives discussed in priority order.

Basic - Conclusions and related outcomes are identified and minimally reflect student’s informed evaluation and ability to place evidence and perspectives discussed in priority order.

Below Expectations - Conclusions and related outcomes are not logical or reflective of student’s informed evaluation and ability to place evidence and perspectives discussed in priority order.

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

Integrative Learning: Connections to Discipline

Total: 1.00

Distinguished - Autonomously synthesizes or draws conclusions by combining examples, facts, or theories from multiple disciplines. 

Proficient - Autonomously correlates examples, facts, or theories from multiple disciplines.

Basic - Attempts to correlate examples, facts, or theories from multiple disciplines.

Below Expectations - Student, when prompted, displays inconsistent examples, facts, or theories from multiple disicplines.

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

Written Communication: Control of Syntax and Mechanics

Total: 0.50

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.

Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.

Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.

Below Expectations - Fails to display basic comprehension or syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

APA Formatting

Total: 0.50

Distinguished -  Accurately uses APA formatting consistently throughout the paper, title and reference page.

Proficient - Exhibits APA formatting throughout the paper, however, layout contains a few minor errors.

Basic - Exhibits basic knowledge of APA formatting throughout the paper.  Layout does not meet all APA requirements.

Below Expectations - Fails to exhibit basic knowledge of APA formatting.  There are frequent errors making the layout difficult to distinguish as APA.

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

Page Requirement

Total: 0.50

Distinguished - The paper meets the specific page requirement stipulated in the assignment description.

Proficient - The paper closely meets the page requirements predetermined in the assignment description.

Basic - The paper meets over half of the page requirement.

Below Expectations - A fraction of the page requirement is completed. 

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

Resource Requirement

Total: 0.50

Distinguished - Provides ample resources and uses the correct amount of sources from the specified search agent.

Proficient - Provides the approximate number of sources, while using some of the correct search agents specified in the assignment instructions.

Basic - Provides over half of the  sources required in the assignment instructions.

Below Expectations - Barely provides adequate resources and unable to include sources from specified search agent.

Non-Performance - The assignment is either non-existent or lacks the components described in the instructions.

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