Figure 12-20 depicts the activities performed in the revenue cycle by the Newton Hardware Company. a. Identify

Question:

Figure 12-20 depicts the activities performed in the revenue cycle by the Newton Hardware Company.
a. Identify at least 3 weaknesses in Newton Hardware€™s revenue cycle. Explain the resulting threat and suggest methods to correct the weakness.
b. Identify ways to use IT to streamline Newton€™s revenue cycle activities. Describe the control procedures required in the newsystem.