5. Describe how you believe an efficient and effective system of fixed assets accounting should be organized at Mamas Pizzeria. Be sure to include the following issues in your response:

How should the fixed assets accounting department maintain control over fixed assets in the various restaurant locations?

How should IT systems be used in the fixed assets process?

6. Considering the nature of the relationship between Mamas Pizzeria home office and its franchise owners, the company may be quite vulnerable to theft or fraudulent financial reporting committed by these franchise owners. Describe the 3 components of the fraud triangle and how each would relate to a franchise owners likelihood to defraud Mamas Pizzeria.

7. Identify 3 types of fraud to which Mamas Pizzeria may be susceptible. For each of your three responses, indicate whether the fraud is classified as management fraud, employee fraud, vendor fraud, customer fraud, or computer fraud. In addition, for each of your three responses, suggest an internal control that could be implemented to prevent or detect the potential fraud.