Your organization has decided to move forward with the audit of EarthWear Clothiers.
What are the business objectives and what gaps are in their internal control?
– What are the business objectives
– what gaps are in their internal control?
– How each can be improved: control environment, risk assessment, information system, control activities, monitoring activities?
Your organization has decided to move forward with the audit of EarthWear Clothiers. As lead auditor, you will select one of EarthWear Clothiers’ business objectives and create an audit plan of their financial statements. The business objectives are:
Expand further into the global market by launching internet sites into South American countries
Increase customer base by introducing a new extreme sports product line to attract younger consumers
Reduce pricing to be more competitive in the marketplace by seeking out additional vendor relationships to lower costs of goods sold
Implement an employee stock purchase plan to increase productivity and employee morale
Reduce delivery and distribution time of products and services by adding additional warehouse locations
EarthWear Clothiers is an organization dealing with production of outdoor sports’ clothes. The sale of its products is mainly conducted by means of mail orders. The organization of the firm’s corporate structure is done in a proper manner in form………………..