Explain the five components of internal control

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Problem

You are an audit senior of Naruto & Co. and currently reviewing Kopi Sdn. Bhd.'s purchases cycle. Kopi Sdn. Bhd. (Kopi) was established in Ipoh in 2009 as a coffee cafe by Mr. Gong Ju. Kopi focuses on serving tasty coffee. Kopi started roasting their own coffee at the back of the cafe in 2010. Currently, the company has a proper roastery with a 25-kilo roaster. Their coffee bean roastery is certified organic. On average, the company serves coffee to at least a hundred and fifty customers daily. The company is managed by seven full-time workers. Explain the five components of internal control. Explain ANY 5 control activities. Get the instant assignment help. For each control activity stated above, provide an example of a control that Kopi Sdn. Bhd. may implement in relation to trade payable of the company.

Reference no: EM133971703

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