Yvan Is Preparing the Audit Plan for Share the Wealth,a

question 4

Essay

Yvan is preparing the audit plan for Share the Wealth,a non-profit organization.Share the Wealth is a large Montreal-based organization that receives corporate donations and has many stores that collect and re-sell costume jewelry and clothing.The purpose of the organization is to build recreation areas for children in less-fortunate areas of the city.
Share the Wealth was started by two sisters.One of the sisters is still actively involved in the organization,but the other sister has been devoting less time to the organization since she has had triplets.
Share the Wealth has a total of eight stores in Montreal where individuals can drop off donations and customers can purchase the second-hand clothing and costume jewelry.Share the Wealth has a total of 12 employees who work in the various stores.Depending on the schedule and availability,the employees will randomly be assigned to a store for the week.
Required:
Provide three procedures that Yvan should consider when performing the review engagement of Share the Wealth.

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Definitions:

Quadratic Trend

A pattern in data that can be represented by a quadratic function, indicating that the relationship between the variables involves squared terms.

Linear Trend

A consistent upward or downward slope in a dataset, indicating an increase or decrease in the variable over time.

Exponential Trend

A pattern of data that showcases growth or decay at a constantly increasing rate, often represented graphically as a curved line.

Autoregressive(2)

A type of statistical model used in time series analysis in which a variable's current value is predicted from its own previous values, using two time-lags.