Holmes Institute HA3032 Memo 01 – Semester 01, 2014
Using a standard format memo (i.e. a short report of ½ to 1½ pages) please discuss the why it is desirable for corporations, charities, and NGOs to change their External Audit firms every 7 10 years. Include in your discussion such concepts as: Independence, “Moral Hazard”, and the Market for Lemons market failure.
| Task Ranking Task Description |
Very poor under standing of task. Little or no value generated. (0 20 %) |
Poor understanding of task. Some value generated. (20 40 %) |
Acceptable under standing of task. Acceptable value (40 60 %) |
Good understanding of task. Good value given. (60 80 %) |
Excellent understanding of task. Excellent value given. (80 100 %) |
||
| 1) | Headings (5.0) |
Missing a lot or all headings 0.0 1.0 |
Missing one or more essential features and/ /or poorly organised 1.0 2.0 |
All headings but poorly organised and/or difficult to read 2.0 3.0 |
All headings, well organised but some difficulty reading it. 3.0 4.0 |
All headings are clean & easy to read. e.g. To: XXXXXX From: YYYYYYYYY Date: 27/04/2014 Re: Ideally 6 to 12 words 4.0 5.0 |
|
| 2) | Context Line (15.0) |
Little or no insight on the issue with many irrelevancies. 0.0 3.0 |
A confused statement of the issue with some irrelevancies 3.0 6.0 |
A clear statement of the issue 6.0 9.0 |
A clear and concise statement of the issues 9.0 12.0 |
A clear and concise statement of the issues & consequences 12.0 15.0 |
|
| 2) | Action Line (25.0) |
Generally confused with no request or conclusion. 0.0 5.0 |
A confused request or conclusion—may be poorly placed (e.g. at the end or blended with other parts). 5.0 10.0 |
An acceptable request or conclusion, given near the start. 10.0 15.0 |
A good clear concise request or conclusion, given near the start. 15.0 20.0 |
An excellent clear concise statement of how to resolve the issues. 15.0 25.0 |
|
| 4) | Rest of the Memo (25.0) |
Generally confused discussion with little or no linkage to the issues and/or action line. 0.0 5.0 |
Confused and poorly linked to the issues and/or action line. 5.0 10.0 |
Acceptable insight plus clear support for the action line. 10.0 15.0 |
Good insight plus strong, clear, and concise support for the action line. 15.0 20.0 |
Excellent insight plus strong, clear, and concise support for the action line that is clearly tied to it. 15.0 25.0 |
|
| Total Mark | /70 | ||||||
| Adj. to 7.0 | /7.0 | Student Numbers: | |||||
Attachments:
HA3032 Memo 0….docx