Imagine you are the auditor for McDonald's and need to identify risks related to their retail sales revenue process. Focus on the in-restaurant, point of sale transactions using the cash registers (not online or even drive-thru ordering). For each of the assertions given, please identify at least one misstatement risk and one control that helps to reduce the risk. Although we have all eaten at McDonald's (or a similar restaurant), this will require some imagination. Don't worry that you don't know exactly what McDonald's might do. Try to consider what they might be doing, or even what they should be doing. All reasonable attempts will get full credit.

one example: security cameras. These cameras will likely help prevent inaccurate sales being recorded at the register related to multiple assertions.

1. Describe a misstatement risk related to the occurrence of sales. In other words, describe one way that a sale might be recorded using a cash register, even though a true sale did not actually occur.

2. Describe at least one control that would help to prevent or detect the misstatement related to sales occurrence you described in the prior question.

3. Describe a misstatement risk related to the completeness of sales. In other words, describe one way that a sale might take place but not get recorded in the cash register.

4. Describe at least one control that would help to prevent or detect the misstatement related to sales completeness you described in the prior question.

5. Describe a misstatement risk related to the accuracy of sales. In other words, describe one way that a valid sale might get recorded at the wrong amount.

6. Describe at least one control that would help to prevent or detect the misstatement related to sales accuracy you described in the prior question.