Group Project
Part 1: Case Study & Part 2: Financial Ratios
a. Identify all COSO components of internal control?
b. For the sales transaction–related audit objective, identify all existing controls?
c. For the cash receipts transaction–related 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?
