Requirement Suggested content Exceeds standards
75-100% Meet standards
50-74% Fails to meet stands
Explain the key auditing problem/issue identified in Guan et. al. (2016);
/2 This is the introduction to your essay. The first paragraph should be a statement
outlining the problem/issue you are explaining. A
second paragraph identifies and/or defines key concepts, alongside qualifiers that
limit the scope of the argument.
Approximately 100 words Explain the key auditing problem/issue relevant to the questions and also raises additional relevant issues. Explain all the key issues/problems relevant to the requirement Does not explain all the key problem/issue relevant to the requirement
Determine the facts and circumstances that lead to this problem/issue
Here you need to assess the context of the situation, especially the opportunities
and risks in the context of the situation. What available data it there to support
your outline of the context. For example, how did the issues evolve? What is the
history that frames the situation today?
Approximately 150 words Convincing analysis
Determine the key facts and outline the circumstances of the issue Appropriate analysis
Determine the most of the key facts and outline the circumstances of the issue Analysis is poor
Determine the minimum facts and fail to outline the circumstances of the issue
Based on your own additional research, evaluate the reasons for and against the global applicability of the Guan et. al.’s (2016) finding;
/12 For each alternative, you need to write arguments clearly outlining the reasons
for or against the choices. You should base your arguments on your research.
You must ensure you use data and evidence from reliable and valid of data
sources. Here you compare the relative strengths and weaknesses of the each
choice. For each choice, you should write one paragraph outlining the strengths
and a second paragraph the weaknesses, and then a summary paragraph to
identify whether the advantages or disadvantages are dominant based on this analysis.
Cite at least Five(5) or more academic journal.
Approximately 550 words.
Not to repeat Guan et. al.’s (2016) arguments. Need to present your own arguments.
Five(5) or more academic journal articles are cited in support of the discussion, explanation and critique. Repeat some of Guan et. al.’s (2016) arguments.
Four(4) or more academic journal articles are cited in support of the discussion, explanation and critique Repeat Guan et. al.’s (2016) arguments. Without present your own ideas.
Three(3) or more academic journal articles are cited in support of the discussion, explanation and critique
Conclude your “for” or “against” position with the strongest argument;
/4 This is the main conclusion to your essay. You must link each statement evaluated to the position you arguing for. Explain your position, arguing for your preferred position. Ultimately, one of the reasons for or against outweigh everything else and identifies your position.
Approximately 150 words Written analysis provides a clear and insightful conclusion.
It should be detailed reasons why that the decision is valid in the context of your discussion. Written analysis provides appropriate conclusion.
It provide some of the reasons why that the decision is valid in the context of your discussion. Written analysis provides unclear and inappropriate conclusion.
It provide limited reasons why that the decision is valid in the context of your discussion
Outline the limitations of your argument.
This step is for you to review the conclusion to ensure that you have not chosen a dominant option. You should list the limitations of the decision.
Approximately 50 words Need to make most insightful comments about what the limitations are. Need to make some insightful comments about the limitations are. Make limited comments about the limitations are.
/5 Writing style is exemplary and of publishable academic standard. Uses accurate referencing. Writing style and presentation are of a high academic standard. Uses referencing with very few minor inconsistencies. Language is frequently too informal for academic purposes. Errors in grammar make overall meaning unclear. Errors in spelling and presentation distract reader. Uses referencing minimally or mostly incorrectly.
The Assignment topic is as follows: Guan, Su, Wu and Yang’s (2016, p. 522) concludes that “despite the potential positive effect of social ties on more efficient information sharing, social ties among economic agents weaken monitoring mechanisms in governance” thus affects audit quality adversely. Nevertheless, can this finding based on the Chinese economy apply to all economies?”
i. Explain the key auditing problem/issue identified in Guan et. al. (2016); (2 Marks)
ii. ii. Determine the facts and circumstances that lead to this problem/issue; (4 Marks)
iii. iii. Based on your own additional research, evaluate the reasons for and against the global applicability of the Guan et. al.’s (2016) finding; (12 Marks)
iv. iv. Conclude your “for” or “against” position with the strongest argument; (4 Marks)
v. v. Lastly, outline the limitations of your argument. (3 Marks) Communication Quality (5 Marks)
Reference: Guan, Y., L. Su, D. Wu, and Z. Yang. 2016. Do school ties between auditors and client executives influence audit outcomes? Journal of Accounting and Economics, 61 (2/3): 506– 525
Minimum number of academic references - at least 5 recent publications (since 2013) related to Audit Reporting- must be appropriately used and referenced. • Length - Maximum 1,000 words (5 pages including references list). Font size must be 12 with double line spacing using Times New Roman.