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:

Alarm Stage

The initial reaction of the body to stress, activating the sympathetic nervous system and the fight-or-flight response.

Reabsorption

The process by which the kidneys filter blood and reabsorb essential nutrients and water back into the bloodstream, while excreting waste products.

Coping Abilities

The strategies and mechanisms individuals use to manage stress and navigate difficult situations.

Babysitting

The temporary care of children by someone other than their parents or guardians, typically provided for a short period.