Goal 3 Business Memo Writing Assignment Internal Control Procedures The Como Park Conservatory Friends of Flowers operates a garden exhibit for the benefit and enjoyment of the community. When the conservatory is open to the public, two clerks who are positioned at the entrance collect a $10 admission fee from each nonmember patron. Members of the Friends of Flowers organization are permitted to enter free of charge upon presentation of their membership cards. At the end of the day, one of the clerks delivers the proceeds to the treasurer. The treasurer counts the cash in the presence of the clerk and places it in a safe. Each Friday afternoon, the treasurer and one of the clerks deliver all cash held in the safe to the bank and receive an authenticated deposit slip that provides the basis for the weekly entry in the accounting records. The board of directors of the Como Park Conservatory Friends of Flowers identified a need to improve its internal controls over cash admission fees. The board determined that the cost of installing turnstiles, sales booths, or otherwise altering the physical layout of the museum will greatly exceed any benefits. However, the board agreed that the sale of admission tickets must be an integral part of its improvement efforts. Write a memo to the partner in charge of the audit, Rose Petals. Required: Prepare a business written memo to the partner in charge of the audit, Rose Petals, analyzing the internal controls over cash admission fees. Identify specific weaknesses and recommend improvements that can be made to deal with each weakness you identify. What are the criteria to this assignment? 1. Memorandum style & format 2. Purpose 3. Discussion of control activities 4. Closing 5. Spelling and grammar