Auditing Assignment, MUS, Malaysia Discuss the importance and types of audits in an organization and Suggest the possible issues related to the financial statement

University Management & Science University (MSU)
Subject Auditing

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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