Internal Control and Risk Evaluation – Kudler Fine Foods Lisa Cook University of Phoenix ACC/542 August 15, 2011 Internal Control and Risk Evaluation Internal controls and risk assessments are an integral part for a company to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are none to be a negative event occurring in a company’s productivity. Internal controls are the policies
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Running head: INTERNAL CONTROL AND RISK EVALUATION Internal Control and Risk Evaluation Tamika Cummings University of Phoenix ACC/542 Accounting Information Systems January 11, 2010 June Hanson CPA Kathy Kudler, founder envision for the organization was to provide a pleasant shopping experience for customers worldwide. The Kudler Fine Foods visual culture is apparent in the first sentence of the mission statement. “Kudler Fine Foods mission is
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head: Internal Control and Risk Evaluation Internal Control and Risk Evaluation The purpose of this brief is to identify and analyze possible risks, internal control points, design internal controls, evaluate the application of internal controls and discuss other outside controls, that Kudler Fine Foods may need to upgrade the computer systems. Analysis of Risks of Computer Systems After reviewing the previous flowcharts it is recommended that Kudler Fine Foods automate
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Internal Control and Risk Evaluation Lauren A Lewis Accounting Information Systems ACC/542 June 23,2014 Yasin Dadabhoy Internal Control and Risk Evaluation Internal controls and risk assessments are an essential part for an organization to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are the negative events that may occur causing a change in an organizations productivity.
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Internal Control and Risk Evaluation Kudler Fine Foods requested information on the controls that would be required if the company chose to follow the flowcharts prepared by Team A in Week Two. The following information will analyze the risks, identify the risks and internal control points, design internal controls, evaluate the application of internal controls, and discuss other controls. Risks With Point of Sale Cloud Computing After discussion, Team A chose to recommend a Point of Sale Cloud
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Kudler Fine Foods: Internal Control and Risk Evaluation Latrice L. Alston ACC 542 Eva King March 3, 2013 Kudler Fine Foods: Internal Control and Risk Evaluation Kathy Kudler founded Kudler Fine Foods in 1998 with a vision to offer customers gourmet products at reasonable prices. As the business has grown, the need to evaluate internal processes and procedures has become increasingly more important. Kudler Fine Foods with three locations in California
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Kudler Fine Foods Risk and Internal Control Evaluation Sonji A. Hart ACC 542 December 8, 2012 Irene Branum Kudler Fine Foods Risk and Internal Control Evaluation According to Hunton et al. (2004), the COSO report states the five objectives to an internal control system are (1) control environment, (2) risk assessment, (3) control activities, (4) information and communication, and (5) monitoring. Upon management’s review of the flowcharts submitted to Kudler Fine Foods from Learning
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systems that Kudler Fine Foods could use to enhance their business. After reviewing the flowchart, our client is now requesting that we provide information on controls that will be required for this system. This business brief will analyze the risks in the system, identify all risks and internal control points by displaying them in a flowchart, design internal controls to mitigate risks to the systems, evaluate the application of internal controls to the system, and discuss other controls outside of
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Kudler’s Audit Processes Kudler Fine Food has expanded business and updated their computer systems to meet demands. As IT information is adopted within the organization, automation control processes has become more virtualized. To ensure that Kudler’s computerize systems function properly an audit must be performed on an annual basis. Management at Kudler Fine Foods wants to see the proposed audit schedules for all systems. Management wants to know the types of audit and how they will be conducted
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Audit Proposal Audits are a critical and an important part of every company whether performed internally or externally. With the expansion of Kudler Fine Foods and update of their information system, the company must ensure system processes are functioning properly. Conducting an audit will identify any problems with the newly implemented computer system. There are several types of audits that can be performed for each process. The most important factor is choosing the appropriate type of audit
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