Complete the following. Use the headers as a guide and to stay organized when pr

Complete the following. Use the headers as a guide and to stay organized when presenting the information.

I.Internal Controls

a.Does the auditor think that the company’s system of internal controls is adequate?

b.Summarize the report in a paragraph in your own words. Do not copy and paste.

II.Cash

a.On what financial statement(s) do you find “Cash and cash equivalents” (or a similarly named account)?

b.On what page number are these financial statements?

c.How much cash does the company have at the end of the two most current years?

d.Comparing the most current two years in the financial statements, has the company’s cash increased or decreased?

III.Receivables

a.What is the gross amount of the company’s receivables?

b.What percentage of this gross is its Allowance for Doubtful Accounts?

c.What type of receivables does this company have? (Look in the Notes to the Financial Statements.)

IV.Inventory

Summary

a.Write a short 150–300-word summary of the information you provided in this assignment.