Assume That You Have Been Hired by a Local Coffee

question 111

Essay

Assume that you have been hired by a local coffee shop to evaluate the internal controls of the shop and to suggest improvements.a.Describe the internal controls that are likely to be used by management to safeguard the assets of the store.b.Suggest several internal controls that might be realistically used by management to improve the current operation of the coffee shop.c.Use the audit risk model to illustrate how your reliance on internal controls would affect the substantive testwork done for the audit of the coffee shop.

Understand the concept of business ethics and how they guide marketplace actions.

Gain insight into the marketing strategies of socially responsible companies.

Recognize legislation aimed at protecting consumers and preventing the sale of dangerous products.

Distinguish between green marketing, social marketing, and corporate giving.

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