Question: Topic: 2. Bartender Objective : Ensure that bar sale proceeds and inventory are not misappropriated and all drinks served are paid for Assume that this

Topic: 2. Bartender

Objective: Ensure that bar sale proceeds and inventory are not misappropriated and all drinks served are paid for Assume that this is a cash bar where there is one bartender and all drinks are paid for in cash. Required For your Scenario 1. List the controls that you would expect to see in place (10pts) Make sure that your controls include preventive and detective/corrective controls and label them as such. Also, state under which control activity each control falls under Authorization Controls Performance reviews Information-Processing Controls Physical Controls Segregation of duties

2. Explain how you might test each control (5pts) 3. Comment on how management might create an effective control environment (2pts) 4. Comment on at least 3 limitations of the controls you stated. (3pts) (Ending comments of all the control measures. Not needed for all 10 listed controls?) It is up to your group to decide on the format that you want to submit your assignment. Be creative! As long as it is comprehensive and covers all the required points. As a general guide, you should be in the ballpark of about 10 controls Extra credit for extra good work!!

Internal Control Group Assn

Criteria Ratings Pts This criterion is linked to a Learning OutcomeControls List the controls that you would expect to see in place 10.0 to >0.0 pts Full Marks 0.0 pts No Marks 10.0 pts This criterion is linked to a Learning OutcomeTest Control Explain how you might test each control 5.0 to >0.0 pts Full Marks 0.0 pts No Marks 5.0 pts This criterion is linked to a Learning OutcomeControl Environment How management might create an effective control environment 2.0 to >0.0 pts Full Marks 0.0 pts No Marks 2.0 pts This criterion is linked to a Learning OutcomeLimitations Comment on limitations of the controls you stated 3.0 to >0.0 pts Full Marks 0.0 pts No Marks 3.0 pts This criterion is linked to a Learning OutcomeExtra Credit Extra Credit for good work 5.0 to >0.0 pts Full Marks 0.0 pts No Marks 5.0 pts Total Points: 25.0

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