It is January $10,2020.$ You, CA$,$ live in the Peel region of southern Ontario and

your children attend one of the area$$s private schools, Niagara Escarpment

Greenlands Collegiate $($the school$).$ The School is one hundred percent owned

by Mr$.$ Calypso Orchid, who also acts as the School$$s Headmaster. The School$$s

volunteer council $($the Council$)$ is looking for a new Treasurer since the previous

Treasurer, another CA$,$ resigned unexpectedly in December. The Council was

created in September $2019$ to raise funds to pay for books and computers for

the new library that is expected to be completed in $2020.$ After speaking to the

Headmaster over the phone, you accept the volunteer Treasurer position.

You decide to meet with the Headmaster in person to determine what needs to

be done. When you arrive at his office, you find the Headmaster clearly upset.

$$The Council meets each month, but I wasn$$t able to attend any of the meetings

since I have been so busy this fall with the construction of the new library

building. The Treasurer kept promising to give me a statement of how much

money was raised, but the only financial information I received was a

statement of fundraising activities when she resigned. I just don$$t understand

why the Council hasn$$t raised more money given all of the fundraising initiatives

this fall. I thought we would have raised at least $$20,000$ by the end of

December.

$$I would like you to review the profitability of the fundraising initiatives of the

Council and redraft the Statement of Fundraising Activities for any errors or

concerns you find.$$ The Headmaster hands you some background information

on the Council$$s fundraising activities that he has summarized for you $($Exhibit I$)$

and the Council$$s Statement of Fundraising Activities provided by the Treasurer

$($Exhibit II$).$

$$I need to understand what is going on$.$ I$$m worried that the Council is going to

continue with a fundraising campaign that doesn$$t generate any profit. Please

give me recommendations on what kind of information, both financial and

otherwise, I should be requesting from the Council to stay informed.

$$In the fall, the Council accepted cash payments only. However, the School

received a number of complaints from parents about having to send cash to

school with their children. As a result, we have decided to move to a cashless

online system to collect all payments. The School has hired Parent Centre Inc.

$($Parent Centre$)$ to provide an online system for us$.$ We have delayed the start

of any further fundraising activities until the new system goes live on March $1,$

$2020.$ Halton Hills Academy, a neighboring school, implemented Parent Centre$$s system last year and had some problems. Therefore I need you to determine

whether appropriate controls are in place over the system before we go live. I

am particularly concerned about the confidentiality of parent and student

information.$$ He hands you a description of the proposed website $($Exhibit III$)$

and some of the comments that the Principal of Halton Hills Academy had

emailed him $($Exhibit IV$).$

$$I almost forgot to tell you something. The Council has its own bank account

and I just received the December $2019$ bank statement. The account balance

was $$11,400$ at the end of the year but the statement of fundraising efforts

shows a net profit of $$12,442.$ The Treasurer said that all deposits had been

made and I know that there is no cash left in the school office. What can be

done to figure out where this extra cash went? Can you or someone else

conduct an investigation to see what has happened and explain to me what

work would be involved?$$ You decide to draft a report to the Headmaster

addressing his concerns