1. AA is retail outlet that sells pretzels. They were started in a farmers market in 1988....
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Question:
1. AA is retail outlet that sells pretzels. They were started in a farmer’s market in 1988.
2. AA is one of the fastest growing and most profitable franchises. It is currently located in 47 states and 25 countries. Currently it has 1,400 retail locations.
3. AA is mostly a “cash” business, with much of its revenues coming from cash sales.
4. AA franchises typically have a wide variety of internal control mechanisms. Each franchise is independently owned.
Using the EWIP rubric, assess what control considerations will you have for cash. That is, how you will prevent cash fraud at AA. Use SAS-99 and AU Section 316 to support your answer.
Expert Answer:
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