a)Internal controls play an important role in reducing the risks of fraudulent activities in any organization. Further, advanced technology helps accountants in reducing fraud. Explain how an advanced technology transaction processing system reduces fraudulent activities from any organizing.

b)Refer to the given system flowchart, and we have discussed the control weakness and the risk associated with these control weaknesses. Based on these control weaknesses and the associated risk, what types of frauds are possible in this business environment.

Accounting Department Warehouse Shipping Department Sales Department Stock Packing Sales Customer Sales Slip Order Release Order Stock Packing Release Slip Customer Packing Order Slip Reconcile Packing slip and AR Sub Sales order, send Ledger Pick Goods, goods to Carrier, Update Record in Shipping Inventory, Approves Bill Customer Inventory log, credit, prepare Update send goods to Sub ledger Shipping Shipping Sales Accounts Log documents AR Control Sales Order Stock Packing Sales Stock Release Slip Sales Order Release Carrier Invoice Packing Sales Slip Order Stock Release Packing Slip Billing Department Sales Add prices and Invoice taxes, Bill Sales Customer and Journal record Sale Sales Invoice Customer