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. [4 Marks. Words Limit: Up to 200 words) 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. [3 Marks. Word Limit: Up to 200 words] Sales Department Accounting Department Warehouse Shipping Department Custom Packing Order Customer Rele Padang Sio AR SE Po God Le Reconcile Packing slip and Sesonderend goods to Record in Shing Approves Ce prepare Sales documents B Customer Update Accounts sendo Shipping Se Shipping Log Control Sales Order Stock Pading Sales Sains Stock Reise Pasing SIC Carter Sales Stock Pacing Stop Bang Department Add prices and Sales Inice Sales Jums Customer and cord Sale Series In Customer Sales Department Accounting Department Warehouse Shipping Department Customer Sales Pading Pong PHO Packing and good Reche ry Song La Go Shock Peng Carrier Sook Packing 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. [4 Marks. Words Limit: Up to 200 words) 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. [3 Marks. Word Limit: Up to 200 words] Sales Department Accounting Department Warehouse Shipping Department Custom Packing Order Customer Rele Padang Sio AR SE Po God Le Reconcile Packing slip and Sesonderend goods to Record in Shing Approves Ce prepare Sales documents B Customer Update Accounts sendo Shipping Se Shipping Log Control Sales Order Stock Pading Sales Sains Stock Reise Pasing SIC Carter Sales Stock Pacing Stop Bang Department Add prices and Sales Inice Sales Jums Customer and cord Sale Series In Customer Sales Department Accounting Department Warehouse Shipping Department Customer Sales Pading Pong PHO Packing and good Reche ry Song La Go Shock Peng Carrier Sook Packing
