FACULTY OF BUSINESS MANAGEMENT

BBAA3103 AUDIT I

ASSIGNMENT (Individual Assignm n!" #anua$% &013 T$im s! $

Da! Assign d' Du Da! ' L (!u$ $' ) ig*!ing' 40%

ANS)E+ GUIDE
1. 2. 3. 4. +. This assignment consists of ONE (1" question. This is an individual assignment. The assignment should be 8 10 !ages long e"cluding #efe#ences and a!!endi" $if an%&. The font should be Times Ne' (oman )i*e 12 'ith 1.+ line s!acing. (efe#ences in ,-, st%le must be included and ta.en f#om #eliable sou#ces such as boo.s and /ou#nals. (efe# to0 htt!011'''.emich.edu1halle1st%le2guides.html to vie' the details and sam!les of ,-, st%le. 3. ,ll students must email thei# soft co!% of the assignment to assignments.fbm4villacollege.edu.mv. 5nless a soft co!% is #eceived6 ha#dco!% 'ill not be ma#.ed and sho'n to students. 7. 8. 8. 10. ,lagia$ism- (./%ing and (* a!ing 'ill NOT be a'a#ded an% ma#.6 and dis(i/lina$% a(!i.ns 'ill be ta.en instead. The cove# of the assignment should include details as in A// ndi0 11 9om!leted assignment must be fo#'a#ded to %ou# S!ud n! D s2 3 4.$ 5/m .4 !* s!i/ula! d du da! 1 This assignment cont#ibutes 60 / $( n! of the total ma#.s fo# the cou#se.

Appendix 1

O,EN UNI7E+SITY MALAYSIA FACULTY OF BUSINESS AND MANAGEMENT

C.u$s C.d ' C.u$s Ti!l '

Name0 )tudent :; Numbe#0 :; Numbe#0 Tele!hone0 Email add#ess0

<ectu#e#s= Name0 <ea#ning 9ent#e0 >illa 9ollege

T$im s! $0 ?anua#% 2013

ASSIGNMENT QUESTION PURPOSE The purpose of this assignment is to enhance learners understanding on the initial audit planning process for a company. REQUIREMENT Choose a company of your choice and prepare a memorandum for initial audit planning for conducting the audit of the companys financial statements of the year 2011. _________________________________________________________ ____ [40 marks]

ATTACHMENT ASSIGNMENT RUBRICS BBAA3103 / AUDIT I / JANUARY 2013

'() r!"#r!a Introduction. $#!%&" 2 0 No introduction was gi en. 1 !nclear description of the companys products and ser ices" industry type and companys su#sidiaries and associates. No financial indicators were gi en. (udit planning o#'ecti es were e&plained aguely. No e&amples were gi en.

*a!r 2 Clear description of the companys products and ser ices" industry type and companys su#sidiaries and associates. No financial indicators were gi en. (udit planning o#'ecti es were e&plained #riefly. %&amples gi en were unclear and irrele ant.

A+(,# a,#ra%# 3 Clear description of the companys products and ser ices" industry type and companys su#sidiaries and associates. $ele ant #ut insufficient financial indicators were gi en. (udit planning o#'ecti es were e&plained clearly. %&amples gi en were clear and somewhat rele ant. (#le to clearly discuss only three acti ities in the memorandum* Client acceptance and continuance Clients reason for audit Term of engagement +election of staff -ost of the ,ey points of the assignment were summarised. (ll the main points were somewhat connected.

E-.#//#0" 4 Clear description of the companys products and ser ices" industry type and companys su#sidiaries and associates. $ele ant and sufficient financial indicators were gi en. (udit planning o#'ecti es were e&plained in detail and comprehensi e manner. Clear and rele ant e&amples were used to support the e&planation. (#le to clearly discuss all the four acti ities in the memorandum* Client acceptance and continuance Clients reason for audit Term of engagement +election of staff (ll of the ,ey points of the assignment were summarised. (ll the main points were connected.

MaMark s 1

%&planation of audit planning o#'ecti es.

No e&planation was gi en.

12

)reparation of audit planning memorandum

!na#le to prepare the memorandum.

+ummary.

No summary was gi en.

(#le to clearly discuss only one acti ity in the memorandum* Client acceptance and continuance Clients reason for audit Term of engagement +election of staff None of the ,ey points of the assignment were summarised. (ll the main points were not connected.

(#le to clearly discuss only two acti ities in the memorandum* Client acceptance and continuance Clients reason for audit Term of engagement +election of staff +ome of the ,ey points of the assignment were summarised. (ll the main points were not connected.

12

T("a/ 3(!0"s

10

40