Drotos Theaters Case Study
January 25th, 2023
See attached case file.
Please help with the following:
o Evaluate the manual and computerized control activities.
o Discuss internal controls that are and are not present in the above scenario.
o Assess internal control limitations and risks.
o Discuss your concerns given your knowledge that the previous audit firm resigned from the engagement.
o Recommend controls to prevent and detect financial misstatements.
o Discuss which controls you would put into place to assure the separation of duties for back office accounting staff.
o Recommend procedures for detecting employee fraud concerning cash.
o Explain how the cashier and ticket taker might steal cash and describe the controls you would put into place to keep this from occurring.