Galaxy Enterprises is a company engaged in various forms of entertainment such as casinos and amusement parks. Its senior management has developed the strategy to expand into the movie theatre business. It believes this to be a viable strategy given the recent bankruptcy of a large company in that business because of the pandemic. Galaxy believes its strong financial position will support the expansion into this business.

The business basically will operate movie theatres along the lines of Regal, Cinemark, and AMC. You are an auditor in the Internal Auditing department and are tasked with the chore of helping operating management develop controls at each of its movie theatres. Bear in mind that there are TWO major sources of revenues and operations at each theatre--- ticket sales and concessions sales (food and drink). Accordingly, you are asked to identify:

1. Two risks that could occur at each of the movie theatres (all theatres will be standardized)
2. A control that could be put in place to mitigate the risks you identified.

Answer rating: 100% (QA)

Solution The risks that can be occurred are IT related risks Risks related to cyber threats ... View the full answer