1a. Please read Case 9-38 (Whitehead, CPA) in your textbook. Post one factor, the effect on the risk of material misstatement, and the audit risk model component you have identified in the audit planning of Henderson Energy. Important: Please don't take over the entire problem! Express one factor, and hold onto any other factors you identify that no one else mentions for another day of posting so that your classmates have a chance to come up with a concern that has not been posted. Reply Reply to Comment

1b. You purchase a meal from a food court restaurant in your local mall and notice a sign that reads, "Your meal is free if we fail to give you a receipt." Why would a restaurant post this sign? Please search the Internet and find an example of fraud in the fast food or retail industry involving employees and share the details of the fraud and consequences for the actions. Also, please identify what internal control(s) should have been in place to prevent this.