Red Bluff Inn & Café Audit Case Study Case 5.3 Red Bluff Inn & CaféBackgroundMatt Franklin is the owner of 18-room motel and café.The motel is located in a remote area of southern Utah, the area is very popular for tourist. Otherwise, Matt live far from there and only control periodically.Matt hired a young couple.
Audit AnalysisEssay Preview: Audit AnalysisReport this essayGoing public—IFRSChange in accounting standardsUsers—investorsBiases-Borrowing a large amounts of cash, tarnished reputations —going concernMuch of payment not collectedForeign investorsConsulting and auditingRequirement:Continuance decisionIssues (changes in work and audit report)Changes to audit report if issues not resolvedIssue: Internal controlPPl management is having problems dealing with operations and their accounting systems are.
