Assignment:
What techniques should Chipotle put in place to assess the effectiveness of the controls put in place to mitigate similar risks in the future?
Address the following:
What are Chipotle's mission and vision?
What is your assessment of how Chipotle handled the food-borne illness situation?
What was the impact of this event on Chipotle and its stakeholders?
Explain this event's impact Chipotle's objectives: Strategic, Operational, Reporting, and Compliance. (Include the objective and the impact.)
What did they do well?
What could they have done better?
How could they have improved their risk management process to minimize the likelihood of this event?
What techniques should Chipotle put in place to assess the effectiveness of the controls put in place to mitigate similar risks in the future?
Based on the IMA article in this week's resources, how might management accountants support the achievement of Chipotle's objectives (based on the situation described in this week's readings)?
Based on the IIA resources, how might internal auditors support the achievement of Chipotle's objectives (based on the situation described in this week's readings)?