Either or both of the following sets of questions can be answered after readin the above case.

There are two sets of questions:

1^st Set

1. Who are the various with an interest in Carla's Coffee? Outline what you think their interests, motivations and concerns would be.
2. Who would demand an audit of Carla's Coffee? Why would they want an audit?

2^nd Set

1. Assume you have been appointed as an auditor for Carla's Coffee. On what items in the financial report would you be focusing your main attention to provide users with an opinion that the financial report represents a 'true and fair' view of the economic performance of Carla's Coffee?
2. Would you have any particular concerns if it was the 'dozen potential investors' who had engaged you to undertake the audit?
3. What other aspects of the above case would concern you as an auditor and why?