Question
Discuss the importance and types of audits in an organization. Suggest the possible issues related to the financial statement audit and give recommendations to overcome the possible issues.
Rubric 1 :
The description of the importance of audit in an organization.
A: Very clear description of the importance of audit in an organization.
Rubric 2 :
Discussion on the purpose of the financial statement audit.
A: Very clear discussion on the purpose of the financial statement audit
Rubric 3 :
Discussion on the possible issues related to financial statement audit
A: Able to discuss four possible issues related to financial statement audit.
Rubric 4 :
Recommendation to overcome the possible issues related to financial statement audit
A: Able to suggest four recommendations to overcome the possible issues.
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