You are conducting the audit of A-One Travel. There are two major concerns you have in A-One’s operations:  When      a customer purchases a travel package via credit card, the accounting      department records a debit to accounts receivable and a credit to sales.      However, if the customer cancels the package, no entry is made at the time      of cancellation. The customer must request a refund in writing and only      then is the credit card refunded and reversing entries made. As expected,      customers call A- One upset that their credit card charges have not been      reversed in a timely matter, as they were not clearly made aware that      refund requests must be made in writing. (This policy is stated on the      company website, but it is very difficult to find.) As      a result of this policy, some customers are never given refunds because      they do not submit a written refund request. Because no reversing entries      were made, these still appear as valid credit card sales on A-One’s books.      You speak to A-One’s president, who states that it is not his problem if      his wealthy clientele overlook the charge and are not concerned with      getting their money back. He sticks to his company policy and does not      offer “freebies.”  Checklist: In your analytical essay address the following:  Because      this is a situation you have never before encountered, you will need to      research significant deficiencies. Describe what significant deficiencies      are and how you think this situation applies. Discuss      your responsibility in informing the audit committee of this situation, if      you feel the need to inform them at all. Should      the company policy be addressed elsewhere as part of the audit? If so,      where and how should it be explained? Even      though the A-One’s policy is completely legal, do you feel you have to      discuss it with A-One’s board to make the refund policy more ethical or at      least more transparent to customers? How      does this policy affect what you report as sales and accounts receivable      on the financial statements?  .

Response GuidelinesView at least one of your peers' presentations and provide feedback, noting strengths and areas for expansion or clarification. Focus on positive aspects of the work before pointing out areas for improvement. Try to give specific, constructive feedback on one or two of these elements of the assignment:The description of the problem.The analysis of the target population.Your peer's identification of relevant organizations.The assessment of community capacity, assets, or historical context.The identification of collaboration, mediation, and negotiation needs.The preliminary plan to promote collaboration around the identified problem.Helpful hints about using Kaltura or PowerPoint.Student post down below:https://cdnapisec.kaltura.com/index.php/extwidget/...