Your organization has decided to move forward with the audit of EarthWear Clothiers.

– What are the business objectives

– what gaps are in their internal control?

– How each can be improved: control environment, risk assessment, information system, control activities, monitoring activities?

Milestone 2:

Your organization has decided to move forward with the audit of EarthWear Clothiers. As lead auditor, you will select one of EarthWear Clothiers’ business objectives and create an audit plan of their financial statements. The business objectives are:

 Expand further into the global market by launching internet sites into South American countries

 Increase customer base by introducing a new extreme sports product line to attract younger consumers

 Reduce pricing to be more competitive in the marketplace by seeking out additional vendor relationships to lower costs of goods sold

 Implement an employee stock purchase plan to increase productivity and employee morale

 Reduce delivery and distribution time of products and services by adding additional warehouse locations

milestone_two_guidelines_and_rubric