RSM 323 - Case Assignment _2 Practice - Marking Key

RSM 323 - Case Assignment _2 Practice - Marking Key - RSM...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
RSM 323 Case Assignment #2 Practice LH Case Marking Key Fall 2010 Total Marks Awarded Mark Page Reference PI#1 The candidate discusses management's bias to inflate revenues and income. The candidate demonstrates competence in Pervasive Qualities. RC The candidate identifies that management has a bias to overstate revenue and income 2 - The candidate supports their analysis (due to the IPO) 1 C Perform all of the above for Reaching Competent AND The candidate specifically states that the bias seems to be at play in the financial statements 2 AND The candidate supports their conclusion that the bias has affected the financial statements 1 (may include high revenues, change in revenue recognition policy, gross vs net etc.) HC Perform all of the above for Competent AND The candidate supports their conclusion with two other factors 2 AND The candidate uses specific amounts found during the interim audit work 1 Total Marks for PI #1: 9 (Maximum of 6) PI #2 The candidate addresses the relevant audit issues in the audit planning
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/09/2011 for the course RSM 323 taught by Professor Lisaharvey during the Spring '11 term at University of Toronto- Toronto.

Page1 / 2

RSM 323 - Case Assignment _2 Practice - Marking Key - RSM...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online