February 26, 2016
Pacific Sunwear of California Inc./ (PACSUN)
1. What is the Companys industry?
Pacsun is a retail clothing, footwear, and accessories brand rooted in the youth oriented
culture and lifestyle of California
Basics of internal control
o Why do auditors need to assess internal control
o Management has the responsibility to maintain controls that provides reasonable assurance
that adequate control exists over the entitys assets and records.
o The Int
Why do we need an audit?
They are required by law
Auditing provides assurance
Auditing helps ensure that information is reliable, credible, and relevant.
When business owners hire others to manage their businesses they need these manag
Maxx Glick, Kelsea Johnson, Yingguang Peng, and Ranalyn Sison
Audit Team 4
Kendallville Bank Case Study
What is the tone at the top at the Bank?
Does the Board of Directors provide appropriate oversight of the Banks op