You are auditing a small local ice cream shop.The reason you are auditing them is because they are planning on expanding and raising money through bank debt.Currently, the shop rents space in 2 locations in Edmonton and 10 employees (3 full time owners and 7 part time employees).One of the owners does the bookkeeping. All ice cream is made on site in the original location in Ritchie. Manufacturing equipment was purchased in 2017. The company has 3 featured flavours that rotate monthly and 12 permanent flavours The company sells ice cream by the scoop and pint. Opened tubs of ice cream expire after a month and unopened tubs and pints after 3 months. Featured flavours are decided upon a month in advance in order to source ingredients. Speciality ingredients for flavors such as cherry goat cheese and Sicilian olive oil are locally sourced where possible.The company's vision is to "leave a big mark on the city, but a small footprint" so they are committed to reducing waste by using compostable materials wherever possible.

Please see attachment: Q1.

1} Aside from monthly reconciliations (of any type including hank, payroll} and payroll related controls, what are two controls you would suggest for the ice cream shop? Please include a description ofthe control and suggest how often the control should be performed and who should perform the control. Support your choices with short explanations. The controls must be specic to the Ice cream shop as described (general controls will not be awarded any marks). Also, each control must be for a different assertions and different accounts. Finally, how might an auditor test your suggested controls as part of the audit? (10 marks} Control description (1 mark] How Often + why (1 mark] W AccountIAssertions [1 mark} Test of Operating Effectiveness (1 mark)