Chipotle Mexican Grill, Inc. owns and operates more than 2,452 restaurants throughout the United States, 37 international Chipotle restaurants, and two non-Chipotle restaurants. Steve Ells, founder, opened his first restaurant in 1993 in Denver, Colorado, to show that food served fast didn’t have to be the typical “fast-food” experience. Chipotle uses high-quality ingredients, raised with respect for animals, farmers, and the environment.

Requirements
1. Review Item 9a (Controls and Procedures) of the Notes to the Financial Statements. What are the internal controls over financial reporting designed to do? Do internal controls prevent or detect all misstatements?
2. Review the auditor’s report over internal controls (p. 67 of the annual report). What did the auditor have to say about the company’s internal controls?
3. Review Item 13 (Commitments and Contingencies) of the Notes to the Financial Statements. What is the estimated amount of potential liabilities that Chipotle Mexican Grill expects to have associated with anticipated future claims in regards to the data security incident that occurred in April 2017?