37303Early next year, Kate and Sam Smith will inherit $200,000. Kate and Sam are trying to decide how to invest this money and have asked you, their tax accountant, to look into some potential investment opportunities. Please see the attached excel spreadsheet, where...
37232You are to assume the role of an internal auditor who has been asked to identify aminimum of three high quality propositions that management can implement to establisha tone at the top that conveys a commitment to integrity and ethical values. You are to write a...
37220I source per Topic Topic 1: Internal Controls Briefly discuss the interrelated components that should exist within an internal control system for a retail business that is familiar to you. In your opinion, which component is the most important and why? Topic 2: Organizational Risks This Discussion will...
37194Additional instruction Steps 2 and 5 of the project appear to be similar. They are related but not similar. In step 2), you list the sales or purchasing process (and explain using full sentences in paragraphs), which includes steps and activities (document from beginning to end)....
37066Using the COSO Internal Control: Integrated Framework, conduct a comprehensive risk assessment for the Orlando University Bookstore. Consider what risks the bookstore faces, and what control activities you would advise to mitigate these risks. Submit a 2 page memo to the manager summarizing your comprehensive...
370225-3 Big Fun toys (Data Flow Diagrams) Big Fun Toys is a retailer of children’s toys. The accounts payable department is located at company headquarter ins Boston, Massachusetts. The department consists of two full time clerks and one supervisor. They are responsible for processing and paying...
36972Identify the key elements in the process that will be needed to create financial reports. Mr. Stone has given you an excel file detailing all of the textbooks the Orlando University Bookstore sold in the previous month (Week 2 Data.xlsx ). Analyze the...
36899As a new employee of a local accounting firm, your first client is Orlando University Bookstore. Jack Stone, the manager, would like some advice on several aspects of the bookstore’s accounting information systems. Discuss the need for an AIS including the benefits to the...