Internal Control Presentation

Is another component of internal control.

Identification and analysis of risks that can impede the achievement of organizational goals.

In order to develop appropriate internal control activities that will not waste an organization's resources, its important to identify risks within an organization's activities.

We have identified a few risks in Panda's operations:

• Breach, failure or Panda's integrated computer system.
• Also, errors or inappropriate data inputted into the system.

• Employees who give away free orange chicken or steal from the register.
• Hold ups.
• Misstating inventory count.

• Poor staffing is a risk an organization must consider.
• Even with the best computer systems, if your staff can't get it to work properly, it's practically useless.

Internal controls must address compliance with laws and regulations. Food safety is a risk of utmost concern to Panda.

Panda has certainly identified these risks. Jen will make this evident as she presents their Control Activities.