Class OMM622: Financial Decision-Making (MOG1539A Assignment Auditing Auditors have come into a department as part of a company-wide audit prior to issuing an audit opinion for the company’s financial reports. In a one- to two- page paper (not including the title and reference pages), explain what the staff should expect the auditors to do. Be sure to include the requirements of the Sarbanes Oxley Act in your explanation. Your paper must be formatted according to APA style as outlined in the Ashford Writing Center, and it must include citations and references for the text and at least two scholarly sources from the Ashford University Library. Carefully review the  Grading Rubric  for the criteria that will be used to evaluate your assignment. Rubric Description : Total Possible Score : 7.00 Explains What the Staff Should Expect the Auditors to Do Total: 6.00 Distinguished - Accurately and thoroughly explains what the staff should expect from the auditors, including SOX requirements. Proficient - Explains what the staff should expect from the auditors, including SOX requirements. The explanation has few inaccuracies or minor details are missing. Basic - Explains what the staff should expect from the auditors, including SOX requirements. The explanation has several inaccuracies and/ or relevant details are missing. Below Expectations - Attempts to explain what the staff should expect from the auditors, including SOX requirements; however, the explanation has many inaccuracies and/ or significant details are missing. Non-Performance - The explanation of what the staff should expect from the auditors is either nonexistent or lacks the components described in the assignment instructions. Written Communication: Control of Syntax and Mechanics Total: 0.25 Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors and is very easy to understand. Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors and is mostly easy to understand. Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors which may slightly distract the reader. Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors which distract the reader. Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions. Written Communication: APA Formatting Total: 0.25 Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page. Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.  Basic - Exhibits limited knowledge of APA formatting throughout the paper. However, layou.

1. Class OMM622: Financial Decision-Making (MOG1539A
Assignment
Auditing
Auditors have come into a department as part of a company-
wide audit prior to issuing an audit opinion for the company’s
financial reports. In a one- to two- page paper (not including the
title and reference pages), explain what the staff should expect
the auditors to do. Be sure to include the requirements of the
Sarbanes Oxley Act in your explanation.
Your paper must be formatted according to APA style as
outlined in the Ashford Writing Center, and it must include
citations and references for the text and at least two scholarly
sources from the Ashford University Library.
Carefully review the
Grading Rubric
for the criteria that will be used to evaluate your assignment.
Rubric
Description
:
Total Possible Score
: 7.00
Explains What the Staff Should Expect the Auditors to Do
Total: 6.00
Distinguished - Accurately and thoroughly explains what the

2. staff should expect from the auditors, including SOX
requirements.
Proficient - Explains what the staff should expect from the
auditors, including SOX requirements. The explanation has few
inaccuracies or minor details are missing.
Basic - Explains what the staff should expect from the auditors,
including SOX requirements. The explanation has several
inaccuracies and/ or relevant details are missing.
Below Expectations - Attempts to explain what the staff should
expect from the auditors, including SOX requirements;
however, the explanation has many inaccuracies and/ or
significant details are missing.
Non-Performance - The explanation of what the staff should
expect from the auditors is either nonexistent or lacks the
components described in the assignment instructions.
Written Communication: Control of Syntax and Mechanics
Total: 0.25
Distinguished - Displays meticulous comprehension and
organization of syntax and mechanics, such as spelling and
grammar. Written work contains no errors and is very easy to
understand.
Proficient - Displays comprehension and organization of syntax
and mechanics, such as spelling and grammar. Written work
contains only a few minor errors and is mostly easy to
understand.

3. Basic - Displays basic comprehension of syntax and mechanics,
such as spelling and grammar. Written work contains a few
errors which may slightly distract the reader.
Below Expectations - Fails to display basic comprehension of
syntax or mechanics, such as spelling and grammar. Written
work contains major errors which distract the reader.
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
Written Communication: APA Formatting
Total: 0.25
Distinguished - Accurately uses APA formatting consistently
throughout the paper, title page, and reference page.
Proficient - Exhibits APA formatting throughout the paper.
However, layout contains a few minor errors.
Basic - Exhibits limited knowledge of APA formatting
throughout the paper. However, layout does not meet all APA
requirements.
Below Expectations - Fails to exhibit basic knowledge of APA
formatting. There are frequent errors, making the layout
difficult to distinguish as APA.
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.

4. Written Communication: Page Requirement
Total: 0.25
Distinguished - The length of the paper is equivalent to the
required number of correctly formatted pages.
Proficient - The length of the paper is nearly equivalent to the
required number of correctly formatted pages.
Basic - The length of the paper is equivalent to at least three
quarters of the required number of correctly formatted pages.
Below Expectations - The length of the paper is equivalent to at
least one half of the required number of correctly formatted
pages.
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
Written Communication: Resource Requirement
Total: 0.25
Distinguished - Uses more than the required number of
scholarly sources, providing compelling evidence to support
ideas. All sources on the reference page are used and cited
correctly within the body of the assignment.
Proficient - Uses the required number of scholarly sources to
support ideas. All sources on the reference page are used and
cited correctly within the body of the assignment.
Basic - Uses less than the required number of sources to support

5. ideas. Some sources may not be scholarly. Most sources on the
reference page are used within the body of the assignment.
Citations may not be formatted correctly.
Below Expectations - Uses an inadequate number of sources
that provide little or no support for ideas. Sources used may not
be scholarly. Most sources on the reference page are not used
within the body of the assignment. Citations are not formatted
correctly.
Non-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
Required Text
Epstein, L. (2014).
Financial decision making: An introduction to financial reports
. San Diego, CA: Bridgepoint Education, Inc.
This text is a Constellation™ course digital materials (CDM)
title.
Required Resources
Articles
Crooks, R. (2014, January).
12 lessons from Warby Parker's annual report
.
Forbes
. Retrieved from
http://www.forbes.com/sites/rosscrooks/2014/01/30/12-lessons-
from-warby-parkers-annual-report/
Ford Motor Company. (2014).
Ford Motor Company Form 10-K
. Retrieved from
http://www.sec.gov/Archives/edgar/data/37996/0000037996130
00014/f12312012-10k.htm
Ford Motor Company. (2014).
Ford Motor Company 2012 annual report

6. . Retrieved from
http://corporate.ford.com/content/dam/corporate/en/investors/re
ports-and-filings/Annual%20Reports/2012-annual-report.pdf
Harper, D. (n.d.).
Financial statements: The system
.
Investopedia.
Retrieved from
http://www.investopedia.com/university/financialstatements/fin
ancialstatements2.asp
Recommended Resources
Articles
Carleton, T. (2008, December).
Financial statement basics
.
Forbes
. Retrieved from http://www.forbes.com/2008/12/15/margins-
earnings-roi-pf-education-in_tc_1215investopedia_inl.html
Harper, D. (n.d.).
Financial statements: Cash flow
.
Investopedia
. Retrieved from
http://www.investopedia.com/university/financialstatements/fin
ancialstatements3.asp
Harper, D. (n.d).
Financial statements: Earnings
.
Investopedia
. Retrieved from
http://www.investopedia.com/university/financialstatements/fin
ancialstatements4.asp
Harper, D. (2009, February).
Financial statements: Introduction
.
Investopedia

7. . Retrieved from
http://www.investopedia.com/university/financialstatements/
Harper, D. (n.d.).
Financial statements: Who's in charge?
Investopedia
. Retrieved from
http://www.investopedia.com/university/financialstatements/fin
ancialstatements1.asp
Heakal, R. (2010, May).
What is a cash flow statement?
Forbes
. Retrieved from http://www.forbes.com/2010/05/27/cash-flow-
statement-personal-finance-securities-analysis.html
Investopedia Staff. (n.d.).
Ratio analysis: Using financial ratios
.
Investopedia
. Retrieved from
http://www.investopedia.com/university/ratios/ratios1.asp
Loth, R. (2011, October).
Understanding the income statement
.
Investopedia
. Retrieved from
http://www.investopedia.com/articles/04/022504.asp
Miller, P. B. W. (2002, April).
Quality financial reporting: Finding customer focus through the
power of competition
.
Journal of Accountancy
. Retrieved from
http://www.journalofaccountancy.com/Issues/2002/Apr/Quality
FinancialReporting.htm
Turner, L. E. (2000, March 23).
Speech by SEC staff: Charting a course for high quality

8. financial reporting
.
U.S. Securities and Exchange Commission
. Retrieved from http://www.sec.gov/news/speech/spch356.htm
Websites
AccountingCoach. (2014).
Cash flow statement (explanation)
. Retrieved from http://www.accountingcoach.com/cash-flow-
statement/explanation/1
NetMBA, Business Knowledge Center. (2010).
Financial ratios
. Retrieved from
http://www.netmba.com/finance/financial/ratios/
U.S. Securities and Exchange Commission. (n.d.).
Beginners' guide to financial statements
. Retrieved from
http://www.sec.gov/investor/pubs/begfinstmtguide.htm