What are some possible deficiencies in the store’s system?


Group Project

Part 1: Case Study & Part 2: Financial Ratios

a. Identify all COSO components of internal control?
b. For the sales transactionrelated audit objective, identify all existing controls?

c. For the cash receipts transactionrelated audit objective, identify all existing controls?

d. What are some possible deficiencies in the store’s system?

e. How would you, as auditor, suggest ways to improve their system?