Financial Audit Rubric

Criteria

Description

Grading Scale

Accuracy

Assesses the correctness of financial records.

Excellent, Satisfactory, Needs Improvement

Compliance

Checks adherence to laws, regulations, and internal policies.

Fully Compliant, Partially Compliant, Non-Compliant

Completeness

Evaluates if all financial transactions and information are present.

Complete, Partial, Incomplete

Timeliness

Assesses if financial reports are prepared and delivered on schedule.

On Time, Slightly Delayed, Significantly Delayed

Documentation

Reviews supporting documents for transactions.

Well-documented, Partially Documented, Inadequately Documented

Internal Controls

Examines the effectiveness of internal checks and balances.

Strong Controls, Adequate Controls, Weak Controls

Risk Assessment

Identifies potential risks affecting financial statements.

Thoroughly Assessed, Partially Assessed, Inadequately Assessed