CAN SOME ONE SUMMARY THIS FOR ME:

I need bullets points for a powerpoint. THE BULLETS I HAVE SEEM TO ME VERY LONG AND I NEED IT TO BE AND LOOK NOT SO EXTENSIVE EACH SLIDE.

it's about starbucks company for auditing and theory class:

INTRODUCTION:

Starbucks is an American coffee company and chain of coffee shops founded in Seattle, Washington in 1971, operating only one store in Pike Place Market (Starbucks Company Profile, 2011). Starbucks was founded by Jerry Baldwin, Gordon Bowker and Zev Siegel, and opened its first store in 1971. At present, it has 32,646 stores around the world, of which 15,328 are operating in the United States.

Starbucks is ranked 125th in 2021 on the Fortune 500 list.The mission of Starbucks is to "to inspire and nature the human spirit - one person, one cup, and one neighborhood at a time" (Starbucks Company Profile, 2011).

The company's products are divided into three categories; consumer products include coffee and tea, ready-to-drink beverages. There are also goods, including brewing equipment, accessories, reading materials, gifts and packaging goods. Finally, there are handmade beverages such as hot and iced espresso, smoothies and non-coffee blends.

ETHICAL ISSUES:

Some of the ethical issues of Starbucks are due to the fact that they have many stores around the world, Starbucks may face the challenge of ensuring that all of its stores meet its required ethical standards. The standards of specific countries may be different, and in some countries, these principles may be excessive and overlooked.

Another ethical issue is that the company's goal is to reduce waste in all operations by 50% by 2030. The same goes for its efforts to reduce carbon emissions and wastewater. Currently, the company has successfully reduced water waste by 4%, carbon emissions by 11%, and by-product waste by 12% (Starbucks, 2021).

LEGAL ISSUES:

Starbucks' international operations pose a challenge to auditors, especially in terms of the policies used in the preparation of financial statements. Some stores, especially stores abroad, use different accounting procedures. This can be a challenge for auditors when consolidating accounting information.

There is also the legal issue of providing quarterly reports. Some stores may find that they cannot generate the necessary accounting entries, reports, and disclosures. When auditing stores, especially leased or licensed stores, the use of accounting system software is necessary to effectively determine and calculate IBR. This is also important for auditors when filing taxes. In addition, the adoption of ASC 842 is critical for a company like Starbucks, as the company uses internal and external auditors and will facilitate the transition process and post-compliance reporting procedures.

There is also the legal issue of providing quarterly reports. The use of accounting system software is necessary to effectively determine and calculate IBR. In addition, the adoption of ASC 842 is critical for Starbucks as it will facilitate the transition process and post-compliance reporting procedures.

CORPORATE SOCIAL RESPONSABILITY:

Starbucks' corporate social responsibility is established in three areas the community, the environment, and their ethical practices in partnership and procurement. The company is inclusive in employee selection, using a 100/100 disability equality index and a 100% corporate equality index (Starbucks, 2021).

The company also donates to non-profit organizations to help the community. In addition, Starbucks plans to reduce waste and carbon emissions by recycling 50% of containers by 2030. This is to achieve its goal of generating positive returns and utilization of the environment.

When purchasing products such as Arabica coffee or tea and other ingredients used in beverages, Starbucks follows a clear set of principles in sourcing and logistics. However, the company cannot guarantee whether all of its farmers practice organic farming. If these practices have a negative impact on the environment or negatively evaluate the quality of the final product consumed, this may pose a risk in the future.

Over the years, Starbucks has been facing lawsuits, some of which stemmed from toxic ingredients and have not been resolved for many years. To ensure that the company does not face similar legal actions that may affect its reputation and result in loss of revenue, the company must comply with the standards and regulations set by local and foreign governments.

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