Table 13.5 (page 605) identifies three risks typically encountered when producing reports.

Required

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

(b) Determine how many of the common controls described in table 13.5 are present in the produce reports process at AB Hi-Fi.

(c) Prepare a short report suitable for senior management to explain how risky you think the produce reports 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 reports process at AB Hi-Fi in order to reduce the level of risk.