I need help with Question 3 a,b,c please

ell-iang corner that some documents are audit work they conducted the audit. Note that other papers are client documentste lower right-hand collected and kept in support of their audit. Finally, note the numbering system in corner and how each paper within the audit is numbered and lin papers created by Garcia and Foster CPAs that Garcia and Foster ked back to the audit program. In this part of your assignment, you will examine the firm's audit documentation in Alpine's accounts receivable and sales processes and accounts. Please Q1. Research, cite, relation to the audit of complete the S: and summarize (in one or two sentences per standard identified) the auditing confirmations. Identify the most relevant paragraph(s) in each standaro. standards that address Garcia and Foster, CPA's, responsibility in relation to sending accounts the accounts receivable narrative (AR.1.1) and review the accounts receivable flowchart Q2. Review (AR. 1.2) to identify all of the internal control weaknesses for the accounts receivable and sales processes. Provide one or two sentences on why each item identified is a weakness. This question relates to Step 2 of the Garcia and Foster Audit Plan. Q3. Based on your review of the accounts receivable test of controls procedures (workpapers AR.2.1 to AR.2.4), you believe that there were some issues with the audit work performed. Review in detail the auditing procedures from the audit program and the related documentation. Pay particular attention to their implementation of the attribute sampling procedures-their sample selection process a evaluation of the results. Identify any of the following issues: a. Did they perform all of the steps associated with the audit program? b. Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. Do you see any other issues or problems with the auditors' work or client documentation? This question relates to Step 4 of the Garcia and Foster Audit Plan Q4. Review the accounts receivable lead sheet memo and related workpapers (AR.3.1 to AR.3.4). Evaluate the auditors' tickmarks, comments, and explanations in the memo and on the lead sheet Identify any of the following issues a. Did they perform all of the steps associated with the AR.3 audit procedure? b. Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. Do you see any other issues or problems with the auditors' work or client documentation? c. This question relates to Step 4 of the Garcia and Foster Audit Plan Q5. You are also concerned about the adequacy of the substantive audit work done by Garcia and Foster You decide to carefully review the substantive testing performed on the aged accounts receivable summary (AR.4.1 to AR.4.5), accounts receivable confirmation testing (AR.5.1 to AR.5.8), sales cutoff testing (AR.6.1 to AR.6.7), and the testing of the allowance for uncollectible accounts (AR.7.1) Identify any of the following issues: a. Did they perform all of the steps associated with the audit program? Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. c. Do you see any other issues or problems with the auditors' work or client This question relates to Step 4 of the Garcia and Foster Audit Plan. documentation? write a professional memo to the audit engagement partner Q6. After answering the above questions, for questions 2, 3, 4, and 5. The memo should be 1 page or (Anna Garcia) summarizing your findings less single-spaced. Identify the areas of the audit that need improvement. Provide feedback on ways to improve their audit of the accounts. a. b. accounts receivable and sales criticism. Remember that the purpose of Garcia and Foster's internal inspection program is not punitive. Rather, the goal of the the firm's audit work c. Use constructive is to improve the quality of program Case Assignment: Pg. pg. 5 of 5 AR TOC M Audit Year December 31, 20X2 Reviewed By: SDM Date: 1/29/20x3 Garcia and Foster, CPAs Performed By: 78S Date:Gl23)ans Client: Alpine Cupcakes, Inc. Year End: 12/31/20x2 prior to creating the sales invoice and booking the sales transaction. The company's controls require them to obtain these documents prior to making a sales entry. As part of the control, Lisa Mercer will compare the quantity and prices on all of the documents. If there are any discrepancies between the documents, Lisa Mercer will investigate prior to booking the entry. The company compares the customer purchase order, approved sales order, and shipping documents As part of our testing of controls procedures, we reperformed the company's internal control over the sales process. We used attribute sampling to select a sample from the sales journal and evaluate the results 1. Test Objective: 7 detervmine f the client's coutrols wer the aales proccss are snfficieut to prewent and detect emors 2. Population:l sales seconded in the sales fournal 4. Risk of assessing control risk too low. A0% 5. Tolerable deviation rate: 6% 6. Expected population deviation rate: 2% 7. Sample size (from table below):Ss endienshnal vales. wth2 adllmable daviations customer punchase onder. approved sales onde Determination of Sample Size: Risk of Assessing Control Risk Too Low 10% (Allowable number of deviations in parentheses) Expected Deviation Rate Tolerable Rate 6% 4% 5% 7% 8% 0.5% 1.0% 1.5% 2.0% 3,0% 57 (0) 45 (0) 38 (0) 32 (0) 28 (0) 96 (1) 77 (1) 64 (1) 55 (1) 48 (I) 96 (1) 77 (1) 64 (1) 55 (1) 48 (1) 132 (2) 105 (2) 64 55 () 48) 198 (4) 132 (3) (2) 88 75 (2) 48 (1) Sample size is too large to be cost-effective for most audit applications. Source: AICPA Audit Guide, Audit Sampling (New York, 2014). 94 (3) 65 (2) Using a random number generator, we selected 88 transactions from the sales journal and requested the supporting documentation to reperform the client's internal controls. We requested the documents on February 1st and Lisa Mercer provided us with the documents on February 6th. Garcia and Foster Audit W pie cupcakes, Inc. AR TOC Memo Audit Year December 31, 20X2 Performed By: 78S Date: Ol23laons Reviewed By: SDM Date: 1/29/20x3 Determination of Sample Size (continued): During our reperformance of the client's control procedures, we found no deviations in the documentation Evaluation of Results: 9. Actual number of deviations found: 10. Sample size: 83 11. Achieved upper precision limit (from table below): Because sample sige is SS eot in the table) ae use th closest aample aige in the tale (90). Sample aige of 90-ak O deviatiM,-APL of 2.6%. 12. Compare AUPL to tolerable deviation rate: 13. Final conclusion: Because the achieved upper precision limit is less than the tolerable deviation vate. we conclade that the elicet.. coetol procedures on the sales process ane ote ating cucctiel Evaluation of Results: Risk of Assessing Control Risk Too Low 10% Actual number of deviations found 0 7.4 5.6 Sample Size 12.416.8 12.8 30 40 50 4.6 7.6 10.3 12.915.4 60 70 80 90 26 4.35.9 .3 8.7 100 9.4 16 19 3.8 6.4 8.7 10.812.9 3.3 2.9 5.5 4.8 7.5 9.311.1 6.6 8.2 9.8 2.3 3.9 5.36.67.9 * Over 20% Source: AICPA Audit Guide, Audit Sampling (New York, 2014). 20x2 Sales JO Audit Year December 31, 20x2 ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED Total Sales note Sample Observation Date $1,207.20 $554.40 $2,049.60 $640.80 $314.40 $2,205.60 $3,120.00 $9,717.60 $5,004.00 $2,220.00 $2,822.40 Customer Name 1 1/1/x2 Buckhead Restaurants 2 1/10/x2 Pebbles Inn 3 1/11/x2 Bubba's Fish House 4 1/14/x2Luigi's Bistro 5 1/15/X2 Boulder Tea House 6 1/15/x2 Fontana Catering & Caf 7 1/15/x2 Granny's Caf 8 1/16/x2 Bon Appetito Restaurants 9 1/17/X2 Denver Bakery Caf 10 1/17/x2 Julie's Wraps 11 1/23/x2 Papa's Restaurant 12 2/1/x2 High Country Coffee 13 2/3/X2 Nora's Caf 14 2/7/x2 Boulder Tea House 15 2/8/X2 Buckhead Restaurants 16 2/13/X2 Chavez Cantina 17 2/16/X2 Mountain Lion Restaurant 18 2/17/x2 Bon Appetito Restaurants 19 2/17/X2 Broken Eggs Restaurant 20 2/18/X2 The Breakfast Place 21 2/28/x2 Steinberg Delis 22 3/1/x2 Country Barrel Restaurants 23 3/3/x2 Julie's Wraps 24 3/4/x2 Mountain Lion Restaurant 25 3/9/x2Granny's Caf 26 3/9/x2 Little's Grill 27 3/10/x2 The Breakfast Place 28 3/11/x2 Smokey's Barbeque Pit 29 3/24/x2 Papa's Restaurant 30 3/28/x2 The Sandwich Place 31 4/7/x2 Nora's Cafe $5,378.40 Motel $4,884.00 $1,831.20 $3,400.80 $3,842.40 $2,035.20 13,219.20 $6,220.80 $1,024.80 $1,396.80 32 4/11/x2 Bon Appetito Restaurants 33 4/11/x2 Steinberg Delis 34 4/12/X2 Chavez Cantina 35 4/12/x2 Country Barrel Restaurants 36 4/19/x2 Broken Eggs Restaurant 37 4/21/x2 Mountain Lion Restaurant 38 4/23/x2 Granny's Caf $10,536.00 $2,839.20 $2,995.20 $4,665.60 $405.60 $1,228.80 1,504.80 Alpine Cupcakes, Inc. 20x2 Sales Journal Excerpt Audit Year December 31, 20x2 Performed by: Reviewed by: SDM 1/29/20x3 ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED Sample Observation Date Customer Name 39 4/25/x2 Boulder Tea House 40 4/26/x2 St. Francis Hotel and Spa 41 5/5/x2 Steinberg Delis 42 5/7X2 Southside Caf 43 5/7/X2 UC Boulder Food Service 44 5/8/x2 Boulder Tea House Total Sales $854.40 $1,836.00 $1,012.80 $1,485.60 $7,656.00 1,204.80 $2,709.60 $1,684.80 $1,555.20 $2,088.00 6,969.60 $5,006.40 $398.40 $3,060.00 9,369.60 $2,092.80 2,292.00 $1,173.60 | $10,704.00 $2,743.20 $5,349.60 $2,812.80 $1,869.60 $15,040.80 $4,886.40 45 5/8/X2Papa's Restaurant 46 5/9/X2 Mountain Lion Restaurant 47 5/10/X2 Buckhead Restaurants 48 5/25/x2 Bubba's Fish House 49 6/17/x2 High Country Coffee 50 6/19/x2 Denver Bakery Caf 51 6/27/x2 Pebbles Inn 52 7/10/x2 Bubba's Fish House 53 7/11/x2 Mile High Steakhouses 54 7/12/x2 Mountain Trout Fish House 55 7/13/x2 Granny's Caf 56 7/22/x2 Boulder Tea house 57 7/23/x2 UC Denver Food Service 58 7/24/x2 Julie's Wraps 59 7/26/x2 The Breakfast Place 60 8/4/x2 Scotty's Taverns 61 8/6/X2 | Steinberg Delis 62 8/11/x2 Bon Appetito Restaurants 63 8/15/x2 The Breakfast Place 64 8/16/x2 Boulder Tea House 65 9/3/x2 Boulder Tea House $432.00 $285.60 $2,224.80 66 9/16/x2 Luigi's Bistro 67 9/16/x2 Nora's Cafe 68 9/17/X2 Buckhead Restaurants 69 9/22/x2 Southside Caf 70 9/26/x2 Little's Grill 3,475.20 $1,852.80 $960.00 1,034.40 $4,560.00 1 10/1/x2 Nora's Caf 72 10/1/x2 The Sandwich Place 73 10/9/x2 Mile High Steakhouses 74 10/14/X2 Papa's Restaurant $1,221.60V $10,108.80 $3,580.80 $2,620.80 75 10/20/x2 Granny's Cafe 2920 Audit Year Dece ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED note Total Sales 1,754.40 $3,964.80 $2,414.40 76 11/1/x2 Broken Eggs Restaurant 77 11/4/X2 Buckhead Restaurants 78 11/4/x2 Julie's Wraps 79 11/6/x2 Scotty's Taverns 80 11/8/2 Little's Grill 1 11/11/x2 The Sandwich Place 82 11/18/x2 High Country Coffee 83 11/27/x2 The Breakfast Place 84 12/2/X2 The Breakfast Place Date Customer Name $369.60 $940.80 Pur Alpi 1250 Den $1,591.20V $6,566.40 $4,140.00 $4,116.00 $2,642.40 $5,791.20 Or 85 12/5/x2 Buckhead Restaurants 86 12/13/x2 Denver Bakery Caf 87 12/23/X2 Bon Appetito Restaurants 88 12/27x2 Country Barrel Restaurants $16,968.00 $8,452.80 Pincont Coverage 21% $10.106. 82 Pur Purn 131l8022 pd.tqa ..sealp. &A4 k" ipad. Scc dacumentatio on AR. 2.3 and AR 2.4 esse the comet paiis woe shippad to the customer and the customer was Galicn. coneet guantitics were shieped to the Cupeakes. but bull the correet dolia Garcia and Foster Audit Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20x2 Performed by: Reviewed by SDM 1/29/20x3 PURCHASE ORDER Boulder Tea House 1700 13th Street Boulder, Colorado 80302 Purchased From Alpine Cupcakes, Inc. 1250 16th Street Denver, CO 80202 Purchase order Date Page 1015 7/2/20x2 Ordered Unit cupcake Carrot Cake cupcake Chocolate Description Unit Price Total $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 V $117.60 $223.20 $69.60 $153.60 $81.60 81.60 $412.80 $33.60 29 cupcake Gluten-free Chocolate 64 cupcake Lemon cupcake Red Velvet cupcake Spice 34 172 cupcake Vanilla cupcake Almond Vegan Purchase Approved By Purchase Approval Date: Total 2/2/202 $1,173.60 PMT Received 8/29/20X2 Lindsay McKemna Alptine Shipping slip Nambers: 26030, 26141, 26182, 26203, 26221, 26269, 26288, 26351 Alpine Invoice Number: 6273 AR.2.3: pg. 1 of 11 Client Supporting Document Audit Year Del SOM 29 SALES ORDER Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Order No.: 2596 Call Date: 7/1/20X2 Page Boulder Tea House Sales to: Address 1700 13th Street Boulder, CO 80302 Unit Price Total Tax $2.40 $117.60 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $240 $33.60 Ordered Unit Description 49 V Cupcake Carrot Cake 93 Cupcake Chocolate 29 Cupcake Gluten-free Chocolate 64 Cupcake Lemon 34 Cupcake Red Velvet 34 Cupcake Spice 172 Cupcake Vanilla 14 Cupcake Almond Vegan $223.20 $69.60 $153.60 $81.60 $81.60 $412.80 Sale Made By:o Sale Date: 7/1/20X2 Total Amount$1.173.60 PMT Received 8/29/2012 Customer PO Number: 1015 Alpine Shipine slip lumbers: 26030, 5141, 26182, 26203, 6221, 26269, 26288, 26351 Alpine Invoice Number: 6273 iuer Tea House TOC Documents Audit Year December 31, 20x2 Reviewed by SDM 1/29/20x3 PRODUCT INVOICE Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 1/4 Shipped To Boulder Tea House 1700 13th Street Boulder, CO 80302 Invoice Number: 6273 Date: 7/31/20X2 Due Date: 8/31/20X2 Sales Order No: 2596 Customer PO: 1015 Customer PO Date:7/o2/20X2 Date Number No. left in Ordered ShippedShipped ordeir Total 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 $2.40 $14.40 $2.40 $2.40 $2.40 $2.40 $2-40 $2-40 $2.40 Carrot Cake Chocolate $28.80 93 81 25 Gluten-free Choc. 56 Lemon 30 Red Velvet 3 Spice $19.20 $9.60 Vanilla Almond Vegan Shipment Total $52.80 14 12 $148.8 Carrot Cake $14-40 $28.80 $2.40 $2.40 $2.40 $2.40 7/8/20X2 7/8/20X3 7/8/20X4 7/8/20X5 7/8/20X6 7/8/20X7 7/8/20X8 7/8/20X9 93 Gluten-free Choc. Lemon $19.20 $9.60 $9.60 $52.80 48 34 172 14 Red Velvet Spice Vanilla Almond Vegan Shipment Total 128 $2.40 $2.40 $148.80 Carrot Cake 7/12/20Xa 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 Gluten-free Choc. Lemon Red Velvet Spice Vanilla Almond Vegan Shipment Total $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $14-40 $28.80 $9.60 $19.20 $9.60 $9.60 $52.80 $4.80 $148.80 40 34 34 172 14 PRODUCT INVOICE (continued) Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 2/4 Invoice Number: 6273 Date: 7/31/20X2 Shipped To: Boulder Tea House 1700 13th Street Boulder, CO 80302 Number Shipped No. left in Total s440 $28.80 $9.60 $19.20 $9.60 $9.60 $52.80 Date order Description Carrot Cake Chocolate $2.40 $2.40 $2.40 Ordered Shipped 7/15/20X2 7/15/20X2 29 7/15/20X2 64 7/15/20X2 7/15/20X2 34 7/15/20X2 172 7/15/2oX2 14 7/15/2oX2 25 45 13 Gluten free Choc. 32 Lemon 18 Red Velvet 18 Spice 84 Vanilla $2.40 $2.40 $2-40 $2.40 34 Almond Vegan Shipment Total $148.80 $14-40 $28.80 7/19/20X2 93 7/19/20X2 29 7/19/20X2 64 7/9/20X2 34 7/19/20X2 34 7/19/20X2 172 7/19/20X2 14 7/19/20X2 19 Carrot Cake 33 Chocolate $2.40 $2.40 $2.40 $2-40 $2-40 $2.40 $2-40 Gluten-free Choc 24 Lemon 14 Red Velvet 14 Spice Vanilla Almond Vegan Shipment Total Carrot Cake Chocolate Gluten-free Choc. Lemon Red Velvet Spice Vanilla Almond Vegan Shipment Total $19.20 $9.60 $9.60 $52.80 $4.80 $148.80 $14-40 $28.80 $9.60 $19.20 49 7/24/20X2 7/24/20X $2.40 21 7/24/20X2 7/24/20X2 34 7/24/20X2 7/24/20Xa 172 7/24/20X2 7/24/20Xa $2.40 $2.40 16 10 $2-40 $2-40 $2-40 $9.60 $52.80 $4.80 $148.80 14 Client Supporting Document 112 AR. 2.3: pg. 4 of 11 Reviewed by: SDM 1/29/20x3 Audit Year December 31, 20X2 PRODUCT INVOICE (continued) Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 3/4 Shipped To: Boulder Tea House 1700 13th Street Boulder, C0 80302 Invoice Number: 6273 Date: 7/31/2oX2 Number Date No. left in OrderedShipped 7/27/20Xa 7/27/20X2 7/27/20X2 7/27/20X2 7/27/20X2 7/27/20X2 172 7/27/20X2 7/27/20X2 order Description Total $14-40 $28.80 $2.40 $2.40 Gluten-free Choc. $2.40 $2.40 $2.40 $2.40 $2.40 Carrot Cake 93 $19.20 64 34 34 Red Velvet Spice Vanilla Almond Vegan Shipment Total $9.60 18 14 $148.80 $16.80 $21.60 $2.40 $2.40 Gluten-free Choc. $2.40 $2-40 $2.40 $2.40 Carrot Cake 49 7/31/20x2 93 7/31/20X2 7/31/20X2 64 7/31/20X2 34 7/31/2oX2 7/31/20X2 $19.20 $14-40 $14-40 8 Red Velvet 34 Almond Vegan Shipment Total $2.40 7/31/20X2 8132.00 N/A N/A Sales Tax Freight Invoice Total note A. For the last shijpmentf kepped to the Anafe has bcen fised. Becanuse the customer was shipped and Slled coreetly in total. this is ust AR2.2 enception. Sc note Iat AR.2.3: pg. 5 of 11 Client Supporting Document 113 Audit Ved PRODUCT INVOICE Remittance Advice Boulder Tea House 7oo 13th Street Boulder, CO 80302 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Date Due: 7/02/20 $1173 8/30/201 Date Paid Amount Paid Pmt Received 8/29/2012 Lindsay MeKeans See returned remittance form Boulder Tea House TOC Documents Reviewed by: SDM 1/29/20x3 Audit Year December 31, 20x2 ALPINE CUPCAKES, INC. Shipping Report 7/5/20X2 1015 Date: Purchase Order #: Shipped To: Freight Carrier: Shipping Report # 26030 Boulder Tea House Quantity Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate 12 oluten-free Chocolate Lemon Red Velvet Spice Vanilla Almond Vegan rectred io O eurditi Remarks: items Received By: Temru Delivered To: mmDet ALPINE CUPCAKES, INC Shipping Report Date: Purchase Order #: Shipped To: Freight Carrier: 7/8/20x2 1015 Boulder Tea House Alpine Cupcake Carrier Shipping Report # 26141 Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Almond Vegan Quantity 12 8 Remarks: iters recired io OK eandtie Received By: ore Ter Delivered To: Rerehirn Be 29 Boulder Tes Audit Year December 31, 20 ALPINE CUPCAKES, INC Shipping Report Shipping Report # 26182 7/12/20x2 Purchase Order #: 1015 Shipped To: Freight Carrier: Apine Cupcake Carrier Description Carrot Cake Chocolate Unit Cupcakes Cupcakes Cupcakes Gluten-free Chocolate Cupcakes CupcakesSpice Cupcakes Cupcakes Cupcakes Almond Vegan Quantity 12 Lemon Red Velvet Vanilla Remarks: s eedinK ertr Recelved By: T Delivered To: Recerice Dert ALPINE CUPCAKES, INC. Shipping Report Date: Purchase Order : 1015 Shipped To: Freight Carrier Alp 7/15/20x2 Shipping Report # 26203 Unit Cupcakes CupcakesCarrot Cake Description 12 Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Cupcakes Cupcakes Remarks: Cupcakes -hrt mils Received By: Delivered To: Ri Almond Vegan Client S Performed by: Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20x2 Reviewed by: SDM 1/29/20x3 ALPINE CUPCAKES, INC. Shipping Report Date: Purchase Order #: Shipped To: Freight Carrier: 7/19/20x2 1015 Shipping Report # 26221 Alpine Cupcake Carrier Quantity Unit Cupcakes Cupcakes CupcakesGluten-free Chocolate Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Carrot Cake Chocolate 12 Lemon Red Velvet Spice Vanilla Almond Vegan Remarks: Ims received in OK uratiur Received By:Tor Delivered To: Reccivin Dnt ALPINE CUPCAKES, INC. Shipping Report 7/24/20x2 1015 Date: Purchase Order #: Shipped To: Freight Carrier: Shipping Report # 26269 Alpine Cupcake Carrier Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Quantity 12 Remarks Received By: Koue Tor Delivered To: Receivitg Dert : s received i oK rretiee AR.2.3: pg. 9 of 11 Boulder Tea House TOC Documell 9 Revlewed by SDM 1/29/20x3 Audit Year December 31, 20X2 ALPINE CUPCAKES, INC. Shipping Report 7/27/20x2 1015 Alpine Cupcake Carrier Shipping Report # 26288 Date: Purchase Order #: Shipped To: Freight Carrier: Boulder Tea House Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Quantity CupcakesAlmond Vegan Remarks: mebed Received By: Fom Ter edri Delivered To: Rrceivin De ALPINE CUPCAKES, INC. Shipping Report 7/31/20x2 Purchase Order #: 1015 Shipped To Freight Carrierder Tea House Shipping Report # 26351 Unit Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Red Velvet Spice Vanilla Almond Vegan Cupcakes Cupeakes Remarks Received By: Tr Delivered To: Recchies Det Client Supporting Document AR.2.3: pg, 100 118 of 11 Performed by Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20X2 SDM 1/29/20x3 Please return this page with your payment PRODUCT INVOICE Remittance Advice Boulder Tea House 1700 13th Street Boulder, CO 80302 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Page 4/4 6273 2596 1015 7/02/20X $1,173.60 8/29/20X2 Date Paid Amount Paid $1.173.60H PMT RECEIVED 8/29/20X2 .tied Pite 6eti eex daew oda AR.2.3: pg. 11 of 11 Purchase order: 7 Date Page 2/1/20X2 Unit Price Total Tax $2.40 u $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $537.60 Ordered Unit 224 cupcake Carrot Cake 426 cupcake Chocolate 134 cupcake Gluten-free Chocolate 291 cupcake Lemon 157 cupcake Red Velvet 157 cupcake Spice 785 cupcake Vanilla 67 cupcake Almond Vegan $1,022.40 $321.60 $698.40 $376.80 $376.80 $1,884.00 $160.80 PuhaeApproved yTomas Soe Purchase Approval Date 2/1/20x2 Total Amount $5,378.40 PMT Received pine Shipping lip Numbern 24370, 24402, 24456, 24523, 24578, 24598, 24 Performed by: High Country Coffee TOC Documents viewed by: Alpine Cupcakes, Inc. Audit Year December 31, 20X2 SDM 1/29/20x3 SALES ORDER Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Sales to: High Country Coffee Address 3900 32nd Street Order No.: 2443 Call Date: 2/1/20x2 Page Denver, CO 80212 Ordered Unit Description Tax Unit Price Total 224 cupcake Carrot Cake 26 cupeake Chocolate 134 291 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $537.60 V $1,022.40 cupcake Gluten-free Chocolate cupcake Lemon cupcake Red Velvet cupcake Spice $321.60 $698.40 $376.80 $376.80 157 785 cupcake Vanilla 67V cupcake Almond Vegan $1,884.00 s16080 Sale Made By. i rr Sale Date: 7/1/20X2 Total Amount PMT Received 3/30/20X2 Lindsay Mckenna Customer PO Number: 7915 e Shipping slip Numbers: 24370, 24402, 24456, 24523, 24578 24598 24624, 24681 Alpine Invoice Number: 6120 v-ied quantity betwvecn documeuts H- tied price betvcen documests High Country Coffee TOC Documents PRODUCT INVOICE (continued) Alpine Cupeakes, Inc. 1250 16th Street Date: 2/28/2oX2 Due Date: 3/30/20X2 Sales Order No: 2443 Shipped To nko Number, 6120 3900 er 3and Street Denver, ) 80212 Ordered Shipped Shipped Na, left in Gluten-free Choe. $6.40 48.00 47 L $240 255 Lemon 7 Red Velvet 3 Spice 687 Vanilla 59 Almond Vegan 86-40 393 Vanil 5 Amod Vepan 785 a/i/o 98 $235.30 Shipment Total 2/17/2oXa 2/17/20X2 2/17/20X2 426 168 Carret Cake 300 Gluten-free Choc. $2404 u Red Velvet 49 Gluten-fre Choc 240 8640 29 48.00 $240 235.20 8672.00 57 Spice $240$48. 15T 6 785 /X 27 Almond Vegan $2.40 %ok Shipment Total Vanilla S Almond Vegan 140 Carrot Cake 67 a $240 235.0 224 0/0%at Cal 886.40 48.00 $2-40 157 a/ao/2ox2 785 2/20/20X2 $2.40 $2.40 3 Lenon Spice $2.40 $2.40 $235 $2.40 4 Varills 43Almond Vegan Client Supporting Document High Country Coffee TOC Documents Audit Year December 31, 20X2 Alpine Cupcakes, Inc. Reviewed by Please return this page with your payment PRODUCT INVOICE Remittance Advice High Country Coffee 3900@32nd Street Denver, CO 80212 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Date Due: Page 4/4 6120 2443 7915 2/1/20X2 $5.378.40 3/30/20X2 Date Paid Amount Paid 3/30/20X2 $5.378.40 H PMT RECEIVED 3/30/20K2 -aed Picc fot oos dae.edsta Cindsay McKenna ell-iang corner that some documents are audit work they conducted the audit. Note that other papers are client documentste lower right-hand collected and kept in support of their audit. Finally, note the numbering system in corner and how each paper within the audit is numbered and lin papers created by Garcia and Foster CPAs that Garcia and Foster ked back to the audit program. In this part of your assignment, you will examine the firm's audit documentation in Alpine's accounts receivable and sales processes and accounts. Please Q1. Research, cite, relation to the audit of complete the S: and summarize (in one or two sentences per standard identified) the auditing confirmations. Identify the most relevant paragraph(s) in each standaro. standards that address Garcia and Foster, CPA's, responsibility in relation to sending accounts the accounts receivable narrative (AR.1.1) and review the accounts receivable flowchart Q2. Review (AR. 1.2) to identify all of the internal control weaknesses for the accounts receivable and sales processes. Provide one or two sentences on why each item identified is a weakness. This question relates to Step 2 of the Garcia and Foster Audit Plan. Q3. Based on your review of the accounts receivable test of controls procedures (workpapers AR.2.1 to AR.2.4), you believe that there were some issues with the audit work performed. Review in detail the auditing procedures from the audit program and the related documentation. Pay particular attention to their implementation of the attribute sampling procedures-their sample selection process a evaluation of the results. Identify any of the following issues: a. Did they perform all of the steps associated with the audit program? b. Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. Do you see any other issues or problems with the auditors' work or client documentation? This question relates to Step 4 of the Garcia and Foster Audit Plan Q4. Review the accounts receivable lead sheet memo and related workpapers (AR.3.1 to AR.3.4). Evaluate the auditors' tickmarks, comments, and explanations in the memo and on the lead sheet Identify any of the following issues a. Did they perform all of the steps associated with the AR.3 audit procedure? b. Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. Do you see any other issues or problems with the auditors' work or client documentation? c. This question relates to Step 4 of the Garcia and Foster Audit Plan Q5. You are also concerned about the adequacy of the substantive audit work done by Garcia and Foster You decide to carefully review the substantive testing performed on the aged accounts receivable summary (AR.4.1 to AR.4.5), accounts receivable confirmation testing (AR.5.1 to AR.5.8), sales cutoff testing (AR.6.1 to AR.6.7), and the testing of the allowance for uncollectible accounts (AR.7.1) Identify any of the following issues: a. Did they perform all of the steps associated with the audit program? Did they perform the steps accurately? If not, specifically state the nature of the problem and follow up on it to the extent possible with the information given. c. Do you see any other issues or problems with the auditors' work or client This question relates to Step 4 of the Garcia and Foster Audit Plan. documentation? write a professional memo to the audit engagement partner Q6. After answering the above questions, for questions 2, 3, 4, and 5. The memo should be 1 page or (Anna Garcia) summarizing your findings less single-spaced. Identify the areas of the audit that need improvement. Provide feedback on ways to improve their audit of the accounts. a. b. accounts receivable and sales criticism. Remember that the purpose of Garcia and Foster's internal inspection program is not punitive. Rather, the goal of the the firm's audit work c. Use constructive is to improve the quality of program Case Assignment: Pg. pg. 5 of 5 AR TOC M Audit Year December 31, 20X2 Reviewed By: SDM Date: 1/29/20x3 Garcia and Foster, CPAs Performed By: 78S Date:Gl23)ans Client: Alpine Cupcakes, Inc. Year End: 12/31/20x2 prior to creating the sales invoice and booking the sales transaction. The company's controls require them to obtain these documents prior to making a sales entry. As part of the control, Lisa Mercer will compare the quantity and prices on all of the documents. If there are any discrepancies between the documents, Lisa Mercer will investigate prior to booking the entry. The company compares the customer purchase order, approved sales order, and shipping documents As part of our testing of controls procedures, we reperformed the company's internal control over the sales process. We used attribute sampling to select a sample from the sales journal and evaluate the results 1. Test Objective: 7 detervmine f the client's coutrols wer the aales proccss are snfficieut to prewent and detect emors 2. Population:l sales seconded in the sales fournal 4. Risk of assessing control risk too low. A0% 5. Tolerable deviation rate: 6% 6. Expected population deviation rate: 2% 7. Sample size (from table below):Ss endienshnal vales. wth2 adllmable daviations customer punchase onder. approved sales onde Determination of Sample Size: Risk of Assessing Control Risk Too Low 10% (Allowable number of deviations in parentheses) Expected Deviation Rate Tolerable Rate 6% 4% 5% 7% 8% 0.5% 1.0% 1.5% 2.0% 3,0% 57 (0) 45 (0) 38 (0) 32 (0) 28 (0) 96 (1) 77 (1) 64 (1) 55 (1) 48 (I) 96 (1) 77 (1) 64 (1) 55 (1) 48 (1) 132 (2) 105 (2) 64 55 () 48) 198 (4) 132 (3) (2) 88 75 (2) 48 (1) Sample size is too large to be cost-effective for most audit applications. Source: AICPA Audit Guide, Audit Sampling (New York, 2014). 94 (3) 65 (2) Using a random number generator, we selected 88 transactions from the sales journal and requested the supporting documentation to reperform the client's internal controls. We requested the documents on February 1st and Lisa Mercer provided us with the documents on February 6th. Garcia and Foster Audit W pie cupcakes, Inc. AR TOC Memo Audit Year December 31, 20X2 Performed By: 78S Date: Ol23laons Reviewed By: SDM Date: 1/29/20x3 Determination of Sample Size (continued): During our reperformance of the client's control procedures, we found no deviations in the documentation Evaluation of Results: 9. Actual number of deviations found: 10. Sample size: 83 11. Achieved upper precision limit (from table below): Because sample sige is SS eot in the table) ae use th closest aample aige in the tale (90). Sample aige of 90-ak O deviatiM,-APL of 2.6%. 12. Compare AUPL to tolerable deviation rate: 13. Final conclusion: Because the achieved upper precision limit is less than the tolerable deviation vate. we conclade that the elicet.. coetol procedures on the sales process ane ote ating cucctiel Evaluation of Results: Risk of Assessing Control Risk Too Low 10% Actual number of deviations found 0 7.4 5.6 Sample Size 12.416.8 12.8 30 40 50 4.6 7.6 10.3 12.915.4 60 70 80 90 26 4.35.9 .3 8.7 100 9.4 16 19 3.8 6.4 8.7 10.812.9 3.3 2.9 5.5 4.8 7.5 9.311.1 6.6 8.2 9.8 2.3 3.9 5.36.67.9 * Over 20% Source: AICPA Audit Guide, Audit Sampling (New York, 2014). 20x2 Sales JO Audit Year December 31, 20x2 ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED Total Sales note Sample Observation Date $1,207.20 $554.40 $2,049.60 $640.80 $314.40 $2,205.60 $3,120.00 $9,717.60 $5,004.00 $2,220.00 $2,822.40 Customer Name 1 1/1/x2 Buckhead Restaurants 2 1/10/x2 Pebbles Inn 3 1/11/x2 Bubba's Fish House 4 1/14/x2Luigi's Bistro 5 1/15/X2 Boulder Tea House 6 1/15/x2 Fontana Catering & Caf 7 1/15/x2 Granny's Caf 8 1/16/x2 Bon Appetito Restaurants 9 1/17/X2 Denver Bakery Caf 10 1/17/x2 Julie's Wraps 11 1/23/x2 Papa's Restaurant 12 2/1/x2 High Country Coffee 13 2/3/X2 Nora's Caf 14 2/7/x2 Boulder Tea House 15 2/8/X2 Buckhead Restaurants 16 2/13/X2 Chavez Cantina 17 2/16/X2 Mountain Lion Restaurant 18 2/17/x2 Bon Appetito Restaurants 19 2/17/X2 Broken Eggs Restaurant 20 2/18/X2 The Breakfast Place 21 2/28/x2 Steinberg Delis 22 3/1/x2 Country Barrel Restaurants 23 3/3/x2 Julie's Wraps 24 3/4/x2 Mountain Lion Restaurant 25 3/9/x2Granny's Caf 26 3/9/x2 Little's Grill 27 3/10/x2 The Breakfast Place 28 3/11/x2 Smokey's Barbeque Pit 29 3/24/x2 Papa's Restaurant 30 3/28/x2 The Sandwich Place 31 4/7/x2 Nora's Cafe $5,378.40 Motel $4,884.00 $1,831.20 $3,400.80 $3,842.40 $2,035.20 13,219.20 $6,220.80 $1,024.80 $1,396.80 32 4/11/x2 Bon Appetito Restaurants 33 4/11/x2 Steinberg Delis 34 4/12/X2 Chavez Cantina 35 4/12/x2 Country Barrel Restaurants 36 4/19/x2 Broken Eggs Restaurant 37 4/21/x2 Mountain Lion Restaurant 38 4/23/x2 Granny's Caf $10,536.00 $2,839.20 $2,995.20 $4,665.60 $405.60 $1,228.80 1,504.80 Alpine Cupcakes, Inc. 20x2 Sales Journal Excerpt Audit Year December 31, 20x2 Performed by: Reviewed by: SDM 1/29/20x3 ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED Sample Observation Date Customer Name 39 4/25/x2 Boulder Tea House 40 4/26/x2 St. Francis Hotel and Spa 41 5/5/x2 Steinberg Delis 42 5/7X2 Southside Caf 43 5/7/X2 UC Boulder Food Service 44 5/8/x2 Boulder Tea House Total Sales $854.40 $1,836.00 $1,012.80 $1,485.60 $7,656.00 1,204.80 $2,709.60 $1,684.80 $1,555.20 $2,088.00 6,969.60 $5,006.40 $398.40 $3,060.00 9,369.60 $2,092.80 2,292.00 $1,173.60 | $10,704.00 $2,743.20 $5,349.60 $2,812.80 $1,869.60 $15,040.80 $4,886.40 45 5/8/X2Papa's Restaurant 46 5/9/X2 Mountain Lion Restaurant 47 5/10/X2 Buckhead Restaurants 48 5/25/x2 Bubba's Fish House 49 6/17/x2 High Country Coffee 50 6/19/x2 Denver Bakery Caf 51 6/27/x2 Pebbles Inn 52 7/10/x2 Bubba's Fish House 53 7/11/x2 Mile High Steakhouses 54 7/12/x2 Mountain Trout Fish House 55 7/13/x2 Granny's Caf 56 7/22/x2 Boulder Tea house 57 7/23/x2 UC Denver Food Service 58 7/24/x2 Julie's Wraps 59 7/26/x2 The Breakfast Place 60 8/4/x2 Scotty's Taverns 61 8/6/X2 | Steinberg Delis 62 8/11/x2 Bon Appetito Restaurants 63 8/15/x2 The Breakfast Place 64 8/16/x2 Boulder Tea House 65 9/3/x2 Boulder Tea House $432.00 $285.60 $2,224.80 66 9/16/x2 Luigi's Bistro 67 9/16/x2 Nora's Cafe 68 9/17/X2 Buckhead Restaurants 69 9/22/x2 Southside Caf 70 9/26/x2 Little's Grill 3,475.20 $1,852.80 $960.00 1,034.40 $4,560.00 1 10/1/x2 Nora's Caf 72 10/1/x2 The Sandwich Place 73 10/9/x2 Mile High Steakhouses 74 10/14/X2 Papa's Restaurant $1,221.60V $10,108.80 $3,580.80 $2,620.80 75 10/20/x2 Granny's Cafe 2920 Audit Year Dece ALPINE CUPCAKES SALES JOURNAL: SAMPLE SELECTED note Total Sales 1,754.40 $3,964.80 $2,414.40 76 11/1/x2 Broken Eggs Restaurant 77 11/4/X2 Buckhead Restaurants 78 11/4/x2 Julie's Wraps 79 11/6/x2 Scotty's Taverns 80 11/8/2 Little's Grill 1 11/11/x2 The Sandwich Place 82 11/18/x2 High Country Coffee 83 11/27/x2 The Breakfast Place 84 12/2/X2 The Breakfast Place Date Customer Name $369.60 $940.80 Pur Alpi 1250 Den $1,591.20V $6,566.40 $4,140.00 $4,116.00 $2,642.40 $5,791.20 Or 85 12/5/x2 Buckhead Restaurants 86 12/13/x2 Denver Bakery Caf 87 12/23/X2 Bon Appetito Restaurants 88 12/27x2 Country Barrel Restaurants $16,968.00 $8,452.80 Pincont Coverage 21% $10.106. 82 Pur Purn 131l8022 pd.tqa ..sealp. &A4 k" ipad. Scc dacumentatio on AR. 2.3 and AR 2.4 esse the comet paiis woe shippad to the customer and the customer was Galicn. coneet guantitics were shieped to the Cupeakes. but bull the correet dolia Garcia and Foster Audit Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20x2 Performed by: Reviewed by SDM 1/29/20x3 PURCHASE ORDER Boulder Tea House 1700 13th Street Boulder, Colorado 80302 Purchased From Alpine Cupcakes, Inc. 1250 16th Street Denver, CO 80202 Purchase order Date Page 1015 7/2/20x2 Ordered Unit cupcake Carrot Cake cupcake Chocolate Description Unit Price Total $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 V $117.60 $223.20 $69.60 $153.60 $81.60 81.60 $412.80 $33.60 29 cupcake Gluten-free Chocolate 64 cupcake Lemon cupcake Red Velvet cupcake Spice 34 172 cupcake Vanilla cupcake Almond Vegan Purchase Approved By Purchase Approval Date: Total 2/2/202 $1,173.60 PMT Received 8/29/20X2 Lindsay McKemna Alptine Shipping slip Nambers: 26030, 26141, 26182, 26203, 26221, 26269, 26288, 26351 Alpine Invoice Number: 6273 AR.2.3: pg. 1 of 11 Client Supporting Document Audit Year Del SOM 29 SALES ORDER Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Order No.: 2596 Call Date: 7/1/20X2 Page Boulder Tea House Sales to: Address 1700 13th Street Boulder, CO 80302 Unit Price Total Tax $2.40 $117.60 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $240 $33.60 Ordered Unit Description 49 V Cupcake Carrot Cake 93 Cupcake Chocolate 29 Cupcake Gluten-free Chocolate 64 Cupcake Lemon 34 Cupcake Red Velvet 34 Cupcake Spice 172 Cupcake Vanilla 14 Cupcake Almond Vegan $223.20 $69.60 $153.60 $81.60 $81.60 $412.80 Sale Made By:o Sale Date: 7/1/20X2 Total Amount$1.173.60 PMT Received 8/29/2012 Customer PO Number: 1015 Alpine Shipine slip lumbers: 26030, 5141, 26182, 26203, 6221, 26269, 26288, 26351 Alpine Invoice Number: 6273 iuer Tea House TOC Documents Audit Year December 31, 20x2 Reviewed by SDM 1/29/20x3 PRODUCT INVOICE Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 1/4 Shipped To Boulder Tea House 1700 13th Street Boulder, CO 80302 Invoice Number: 6273 Date: 7/31/20X2 Due Date: 8/31/20X2 Sales Order No: 2596 Customer PO: 1015 Customer PO Date:7/o2/20X2 Date Number No. left in Ordered ShippedShipped ordeir Total 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 7/5/20X2 $2.40 $14.40 $2.40 $2.40 $2.40 $2.40 $2-40 $2-40 $2.40 Carrot Cake Chocolate $28.80 93 81 25 Gluten-free Choc. 56 Lemon 30 Red Velvet 3 Spice $19.20 $9.60 Vanilla Almond Vegan Shipment Total $52.80 14 12 $148.8 Carrot Cake $14-40 $28.80 $2.40 $2.40 $2.40 $2.40 7/8/20X2 7/8/20X3 7/8/20X4 7/8/20X5 7/8/20X6 7/8/20X7 7/8/20X8 7/8/20X9 93 Gluten-free Choc. Lemon $19.20 $9.60 $9.60 $52.80 48 34 172 14 Red Velvet Spice Vanilla Almond Vegan Shipment Total 128 $2.40 $2.40 $148.80 Carrot Cake 7/12/20Xa 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 7/12/20X2 Gluten-free Choc. Lemon Red Velvet Spice Vanilla Almond Vegan Shipment Total $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $14-40 $28.80 $9.60 $19.20 $9.60 $9.60 $52.80 $4.80 $148.80 40 34 34 172 14 PRODUCT INVOICE (continued) Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 2/4 Invoice Number: 6273 Date: 7/31/20X2 Shipped To: Boulder Tea House 1700 13th Street Boulder, CO 80302 Number Shipped No. left in Total s440 $28.80 $9.60 $19.20 $9.60 $9.60 $52.80 Date order Description Carrot Cake Chocolate $2.40 $2.40 $2.40 Ordered Shipped 7/15/20X2 7/15/20X2 29 7/15/20X2 64 7/15/20X2 7/15/20X2 34 7/15/20X2 172 7/15/2oX2 14 7/15/2oX2 25 45 13 Gluten free Choc. 32 Lemon 18 Red Velvet 18 Spice 84 Vanilla $2.40 $2.40 $2-40 $2.40 34 Almond Vegan Shipment Total $148.80 $14-40 $28.80 7/19/20X2 93 7/19/20X2 29 7/19/20X2 64 7/9/20X2 34 7/19/20X2 34 7/19/20X2 172 7/19/20X2 14 7/19/20X2 19 Carrot Cake 33 Chocolate $2.40 $2.40 $2.40 $2-40 $2-40 $2.40 $2-40 Gluten-free Choc 24 Lemon 14 Red Velvet 14 Spice Vanilla Almond Vegan Shipment Total Carrot Cake Chocolate Gluten-free Choc. Lemon Red Velvet Spice Vanilla Almond Vegan Shipment Total $19.20 $9.60 $9.60 $52.80 $4.80 $148.80 $14-40 $28.80 $9.60 $19.20 49 7/24/20X2 7/24/20X $2.40 21 7/24/20X2 7/24/20X2 34 7/24/20X2 7/24/20Xa 172 7/24/20X2 7/24/20Xa $2.40 $2.40 16 10 $2-40 $2-40 $2-40 $9.60 $52.80 $4.80 $148.80 14 Client Supporting Document 112 AR. 2.3: pg. 4 of 11 Reviewed by: SDM 1/29/20x3 Audit Year December 31, 20X2 PRODUCT INVOICE (continued) Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Page 3/4 Shipped To: Boulder Tea House 1700 13th Street Boulder, C0 80302 Invoice Number: 6273 Date: 7/31/2oX2 Number Date No. left in OrderedShipped 7/27/20Xa 7/27/20X2 7/27/20X2 7/27/20X2 7/27/20X2 7/27/20X2 172 7/27/20X2 7/27/20X2 order Description Total $14-40 $28.80 $2.40 $2.40 Gluten-free Choc. $2.40 $2.40 $2.40 $2.40 $2.40 Carrot Cake 93 $19.20 64 34 34 Red Velvet Spice Vanilla Almond Vegan Shipment Total $9.60 18 14 $148.80 $16.80 $21.60 $2.40 $2.40 Gluten-free Choc. $2.40 $2-40 $2.40 $2.40 Carrot Cake 49 7/31/20x2 93 7/31/20X2 7/31/20X2 64 7/31/20X2 34 7/31/2oX2 7/31/20X2 $19.20 $14-40 $14-40 8 Red Velvet 34 Almond Vegan Shipment Total $2.40 7/31/20X2 8132.00 N/A N/A Sales Tax Freight Invoice Total note A. For the last shijpmentf kepped to the Anafe has bcen fised. Becanuse the customer was shipped and Slled coreetly in total. this is ust AR2.2 enception. Sc note Iat AR.2.3: pg. 5 of 11 Client Supporting Document 113 Audit Ved PRODUCT INVOICE Remittance Advice Boulder Tea House 7oo 13th Street Boulder, CO 80302 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Date Due: 7/02/20 $1173 8/30/201 Date Paid Amount Paid Pmt Received 8/29/2012 Lindsay MeKeans See returned remittance form Boulder Tea House TOC Documents Reviewed by: SDM 1/29/20x3 Audit Year December 31, 20x2 ALPINE CUPCAKES, INC. Shipping Report 7/5/20X2 1015 Date: Purchase Order #: Shipped To: Freight Carrier: Shipping Report # 26030 Boulder Tea House Quantity Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate 12 oluten-free Chocolate Lemon Red Velvet Spice Vanilla Almond Vegan rectred io O eurditi Remarks: items Received By: Temru Delivered To: mmDet ALPINE CUPCAKES, INC Shipping Report Date: Purchase Order #: Shipped To: Freight Carrier: 7/8/20x2 1015 Boulder Tea House Alpine Cupcake Carrier Shipping Report # 26141 Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Almond Vegan Quantity 12 8 Remarks: iters recired io OK eandtie Received By: ore Ter Delivered To: Rerehirn Be 29 Boulder Tes Audit Year December 31, 20 ALPINE CUPCAKES, INC Shipping Report Shipping Report # 26182 7/12/20x2 Purchase Order #: 1015 Shipped To: Freight Carrier: Apine Cupcake Carrier Description Carrot Cake Chocolate Unit Cupcakes Cupcakes Cupcakes Gluten-free Chocolate Cupcakes CupcakesSpice Cupcakes Cupcakes Cupcakes Almond Vegan Quantity 12 Lemon Red Velvet Vanilla Remarks: s eedinK ertr Recelved By: T Delivered To: Recerice Dert ALPINE CUPCAKES, INC. Shipping Report Date: Purchase Order : 1015 Shipped To: Freight Carrier Alp 7/15/20x2 Shipping Report # 26203 Unit Cupcakes CupcakesCarrot Cake Description 12 Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Cupcakes Cupcakes Remarks: Cupcakes -hrt mils Received By: Delivered To: Ri Almond Vegan Client S Performed by: Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20x2 Reviewed by: SDM 1/29/20x3 ALPINE CUPCAKES, INC. Shipping Report Date: Purchase Order #: Shipped To: Freight Carrier: 7/19/20x2 1015 Shipping Report # 26221 Alpine Cupcake Carrier Quantity Unit Cupcakes Cupcakes CupcakesGluten-free Chocolate Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Carrot Cake Chocolate 12 Lemon Red Velvet Spice Vanilla Almond Vegan Remarks: Ims received in OK uratiur Received By:Tor Delivered To: Reccivin Dnt ALPINE CUPCAKES, INC. Shipping Report 7/24/20x2 1015 Date: Purchase Order #: Shipped To: Freight Carrier: Shipping Report # 26269 Alpine Cupcake Carrier Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Quantity 12 Remarks Received By: Koue Tor Delivered To: Receivitg Dert : s received i oK rretiee AR.2.3: pg. 9 of 11 Boulder Tea House TOC Documell 9 Revlewed by SDM 1/29/20x3 Audit Year December 31, 20X2 ALPINE CUPCAKES, INC. Shipping Report 7/27/20x2 1015 Alpine Cupcake Carrier Shipping Report # 26288 Date: Purchase Order #: Shipped To: Freight Carrier: Boulder Tea House Unit Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Lemon Red Velvet Spice Vanilla Quantity CupcakesAlmond Vegan Remarks: mebed Received By: Fom Ter edri Delivered To: Rrceivin De ALPINE CUPCAKES, INC. Shipping Report 7/31/20x2 Purchase Order #: 1015 Shipped To Freight Carrierder Tea House Shipping Report # 26351 Unit Cupcakes Cupcakes Cupcakes Cupcakes Description Carrot Cake Chocolate Gluten-free Chocolate Red Velvet Spice Vanilla Almond Vegan Cupcakes Cupeakes Remarks Received By: Tr Delivered To: Recchies Det Client Supporting Document AR.2.3: pg, 100 118 of 11 Performed by Alpine Cupcakes, Inc. Boulder Tea House TOC Documents Audit Year December 31, 20X2 SDM 1/29/20x3 Please return this page with your payment PRODUCT INVOICE Remittance Advice Boulder Tea House 1700 13th Street Boulder, CO 80302 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Page 4/4 6273 2596 1015 7/02/20X $1,173.60 8/29/20X2 Date Paid Amount Paid $1.173.60H PMT RECEIVED 8/29/20X2 .tied Pite 6eti eex daew oda AR.2.3: pg. 11 of 11 Purchase order: 7 Date Page 2/1/20X2 Unit Price Total Tax $2.40 u $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $537.60 Ordered Unit 224 cupcake Carrot Cake 426 cupcake Chocolate 134 cupcake Gluten-free Chocolate 291 cupcake Lemon 157 cupcake Red Velvet 157 cupcake Spice 785 cupcake Vanilla 67 cupcake Almond Vegan $1,022.40 $321.60 $698.40 $376.80 $376.80 $1,884.00 $160.80 PuhaeApproved yTomas Soe Purchase Approval Date 2/1/20x2 Total Amount $5,378.40 PMT Received pine Shipping lip Numbern 24370, 24402, 24456, 24523, 24578, 24598, 24 Performed by: High Country Coffee TOC Documents viewed by: Alpine Cupcakes, Inc. Audit Year December 31, 20X2 SDM 1/29/20x3 SALES ORDER Alpine Cupcakes, Inc. 1250 16th Street Denver, Colorado 80202 Sales to: High Country Coffee Address 3900 32nd Street Order No.: 2443 Call Date: 2/1/20x2 Page Denver, CO 80212 Ordered Unit Description Tax Unit Price Total 224 cupcake Carrot Cake 26 cupeake Chocolate 134 291 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $2.40 $537.60 V $1,022.40 cupcake Gluten-free Chocolate cupcake Lemon cupcake Red Velvet cupcake Spice $321.60 $698.40 $376.80 $376.80 157 785 cupcake Vanilla 67V cupcake Almond Vegan $1,884.00 s16080 Sale Made By. i rr Sale Date: 7/1/20X2 Total Amount PMT Received 3/30/20X2 Lindsay Mckenna Customer PO Number: 7915 e Shipping slip Numbers: 24370, 24402, 24456, 24523, 24578 24598 24624, 24681 Alpine Invoice Number: 6120 v-ied quantity betwvecn documeuts H- tied price betvcen documests High Country Coffee TOC Documents PRODUCT INVOICE (continued) Alpine Cupeakes, Inc. 1250 16th Street Date: 2/28/2oX2 Due Date: 3/30/20X2 Sales Order No: 2443 Shipped To nko Number, 6120 3900 er 3and Street Denver, ) 80212 Ordered Shipped Shipped Na, left in Gluten-free Choe. $6.40 48.00 47 L $240 255 Lemon 7 Red Velvet 3 Spice 687 Vanilla 59 Almond Vegan 86-40 393 Vanil 5 Amod Vepan 785 a/i/o 98 $235.30 Shipment Total 2/17/2oXa 2/17/20X2 2/17/20X2 426 168 Carret Cake 300 Gluten-free Choc. $2404 u Red Velvet 49 Gluten-fre Choc 240 8640 29 48.00 $240 235.20 8672.00 57 Spice $240$48. 15T 6 785 /X 27 Almond Vegan $2.40 %ok Shipment Total Vanilla S Almond Vegan 140 Carrot Cake 67 a $240 235.0 224 0/0%at Cal 886.40 48.00 $2-40 157 a/ao/2ox2 785 2/20/20X2 $2.40 $2.40 3 Lenon Spice $2.40 $2.40 $235 $2.40 4 Varills 43Almond Vegan Client Supporting Document High Country Coffee TOC Documents Audit Year December 31, 20X2 Alpine Cupcakes, Inc. Reviewed by Please return this page with your payment PRODUCT INVOICE Remittance Advice High Country Coffee 3900@32nd Street Denver, CO 80212 Invoice Number: Sales Order No: Customer PO: Customer PO Date: Amount Due: Date Due: Page 4/4 6120 2443 7915 2/1/20X2 $5.378.40 3/30/20X2 Date Paid Amount Paid 3/30/20X2 $5.378.40 H PMT RECEIVED 3/30/20K2 -aed Picc fot oos dae.edsta Cindsay McKenna