Chapter 8, Problem 1EYCT

(a)

To determine

Internal Control: Internal control can be defined as a process to ensure achievement of the objectives of an organization in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. The internal controls are framed in an organization to eliminate the internal control deficiencies of the organization.

To determine: The comments made about cash in the report of the independent registered public accounting firm.

(b)

To determine

The data about cash and cash equivalents shown in the consolidated balance sheet.

(c)

To determine

How A Company defines cash equivalents.

(d)

To determine

The opinion of the management of A Company on internal control.