Case $5-10$ Groupon

The Groupon case was first discussed in Chapter $3.$ Here, we expand on the discussion of internal controls and the

risk of material misstatement in the financial statements.

Groupon is a deal$-$of$-$the$-$day recommendation service for consumers. Launched in $2008,$ Groupon$$a fusion of

the words group and coupon$$combines social media with collective buying clout to offer daily deals on products,

services, and cultural events in local markets. Promotions are activated only after a certain number of people in a

given city sign up$.$