What procedures would be established with the findings


Problem

Audit Findings

• The Puerto Rico store has five departments: footwear, sportswear, perfumery, fantasy clothing, and collectibles. Each department has 2 cash registers in their areas, but customers always end up paying at the general till on the way out.

• Another comment from customers is that the merchandise is often in the warehouse and you have to wait for them to look for it.

• The collectibles department sells less than 5% of the store's sales.

Task

a) What procedures would be established with these findings?
b) What would be the recommendations?
c) What audit plan would be used?
d) What would the worksheet be for 3 auditors?

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Financial Accounting: What procedures would be established with the findings
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