Table 11.5 (page 519) identifies two risks typically encountered when producing products.

Required

(a) Analyse the degree of exposure to each of these risks for the produce the product process at AB Hi-Fi.

(b) Determine how many of the common controls described in table 11.5 are present in the produce the product process at AB Hi-Fi.

(c) Prepare a short report suitable for senior management to explain how risky you think the produce the product process is, and how comprehensive the current internal controls are.

(d) Prepare a recommendation describing any changes you would like to make to the produce the product process at AB Hi-Fi in order to reduce the level of risk.