Table 13.4 (page 598) identifies two risks typically encountered when adjusting the general ledger. Required (a) Analyse

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Table 13.4 (page 598) identifies two risks typically encountered when adjusting the general ledger.

Required

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

(b) Determine how many of the common controls described in table 13.4 are present in the adjust the general ledger process at AB Hi-Fi.

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

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

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Accounting Information Systems Understanding Business Processes

ISBN: 9781742165554

3rd Edition

Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer

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