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ACC497 Week 5 Rubric

YOU MUST FOLLOWING THE FORMAT IN INCLUDING HEADINGS/HEADER OR TITLE (LEAD-IN WORDS) OF YOUR PARAGRAPH.

Save your file as W5-your first name-your last name.

For example W5-Rick-Kwan

Clearly label the question and requirement you are answering. Do not combine your answer to 1 and 2 in one paragraph. Submit only one file for this assignment. That is not two files one for say Question 1 and one for Question 2. Put your answer in one file. You MUST include a title page/cover page with your name on it.

Note that if your answer to the Content requirements are incorrect or invalid then you will not earn any points even if you meet the other requirements such as Organization/Development and Mechanics because all these will not matter if you did not answer the Content correctly.

If I furnish you with a sample paper you MUST MIODIFY it to meet the correct APA format.

Before you submit the assignment: Did you include a title page? Did you put all assignments in one Word file and arranged as well as labeled them in order? Did you submit to the appropriate Assignment forum?

Fail to do any one of the above will cause you to lose a minimum of 10% of the available grade on EACH offense for this assignment. Extra points may be deducted (progressive deduction) when the offense is a repeated one. In this case the deduction may be more than the stated Points Available.

Key points:

Save your file as W5-your first name-your last name.

Minimum 1 point deduction if you failed to follow this requirement.

Include the annual gift tax amount.

Minimum 1 point deduction if you failed to follow this requirement.

Organize your submission in the order by each case and by each requirement such as (a), (b) or (1), (2) etc. Or if you did NOT clearly and precisely include the question number and requirement number or without labeling at all. Minimum 5 points deduction if you failed to follow this requirement.

Grading Guide for assignments due in Week 5

Content Write your paper by answering the following questions in the order presented. You can use those questions as a header.	Points Available 5	Points Earned	Additional Comments:
Complete the following two items: · Learning Check 4-15 & 4-17 in Ch. 4 (approximate 350 words for each of these two Learning Checks or a total of approximately 700 words.) · Comprehensive Questions 5-34 & 5-35 in Ch. 5 (approximate 350 words for each of these two Comprehensive Questions or a total of approximately 700 words.)
Mechanics (As related to the content of this assignment) This is NOT an APA paper.	Points Available	Points Earned	Additional Comments:
· Follow the order of assignments and requirements when answering.			The paper does not have to be in APA format.
Fail to include your name	Point Deduction (1)	Point Deducted	Additional Comments:
· Include a cover page. There is a ONE POINT deduction if you failed to include your name on the face of the submitted assignment.
	Total	/5

Note: This is NOT an APA assignment so you do not have to follow the APA paper submission format. Include a reference page if you include materials that are not your own creation.

However, I do require a title page. Also do label your submission according to the order of the assignments asked of you and the requirements within each of the assignment.

See a sample cover page/title page in the next page.

For the sample paper I downloaded below you MUST MIODIFY it to meet the correct APA format if the paper requires APA format.

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Week 5 Individual Assignment 4-15, 4-17, 5-34, 5-35

Student Name

Course/Number

Date

Instructor Name

4-15

The five other ways in which the Private Securities Reform Act of 1995 will potentially change auditors' legal liabilities are:

Each of is of potential benefit to the auditor because:

4-17

a. The following is how the Sarbanes-Oxley Act of 2002 changed the audit environment for auditors:

b. The new liabilities for management of public companies created by the Sarbanes-Oxley Act of 2002 are: Explanation of those new liabilities are:

5-34

a. The most likely assertions that may be misstated in the revenue cycle are: As a result the accounts which are likely to be overstated or understated are: and the reasons are:

b. The most likely assertions that may be misstated in the inventory are: As a result the accounts which are likely to be overstated or understated are: and the reasons are:

5-35

Case 1

a. The relevant assertion(s) is/are ..... b. This assertion represents/does not represent a significant risk because ..... c. The risk in terms of staffing decision are ..... d. The risk in terms of the nature of audit tests are ..... e. The risk in terms of the timing of audit tests are ..... f. The risk in terms of the extent of audit tests are .....

Case 2 a. The relevant assertion(s) is/are

b. This assertion represents/does not represent a significant risk because c. The risk in terms of staffing decision are ..... d. The risk in terms of the nature of audit tests are ..... e. The risk in terms of the timing of audit tests are ..... f. The risk in terms of the extent of audit tests are .....

Case 3 a. The relevant assertion(s) is/are b. This assertion represents/does not represent a significant risk because ..... c. The risk in terms of staffing decision are ..... d. The risk in terms of the nature of audit tests are ..... e. The risk in terms of the timing of audit tests are ..... f. The risk in terms of the extent of audit tests are .....

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References