Table 9.3 (page 412) identifies eleven risks typically encountered when processing a sales order.

Required

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

(b) Determine how many of the common controls described in table 9.3 are present in the sales process at AB Hi-Fi.

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

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