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2 15 points Please ensure that you leave yourself enough time to upload your file responses. It is recommended that you upload your file as
2 15 points Please ensure that you leave yourself enough time to upload your file responses. It is recommended that you upload your file as you complete a file response question. Question 2 SAVE ANSWER Hardly Normal Pty Limited is a large Australian-based, multi-national retailer with separate furniture, bedding, computers, communications, and consumer electrical products departments. It mostly operates as a franchise. Purchasing and receiving sections serve all departments but only requisitions for the computers department which includes computers, tablets, monitors, software, and accessories, requires authorisation from the department manager before ordering. Other departments can raise requisitions for goods and services without authorisation. The purchasing section is responsible for obtaining products as soon as the requisition is received, using unnumbered purchase orders. There is no list of pre-approved suppliers. For convenience, the purchase order book is accessible to all purchasing staff. Required: i. List three (3) internal control weaknesses in the above scenario and justify why each is a weakness. (7.5 marks) ii. Outline recommendations that you would make to management to eliminate or reduce those weaknesses identified above. (3 marks) iii. Explain how these weaknesses will impact the type and amount of audit evidence that you will collect. (4.5 marks) Write your answer, formatted following the table below: Weakness Justification (why is this a weakness?) Recommendation Impact of weakness on evidence
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