a paint manufacturing firm has 200 employees and later has 400 employees. In this assignment, you are to take on the role of advisor to the President of a paint manufacturing organization. In the first submission, you are to assume that the organization has 200 employees. To be clear, this is 200 Full-Time Equivalent employees. One FTE works ~2,000 hours per year. For your second submission, you are to assume that the organization has 400 employees. you are required to do the following:

a)Design a system of controls over sales, receivables, and cash receipts. This must be appropriate to the size of your organization and the number of employees assigned to accounting.

b) Design a system of controls over purchases, payables, and cash disbursements. This must be appropriate to the size of your organization and the number of employees assigned to accounting.

c) Design a system of controls appropriate to one other area of the financial statements that is most relevant for the key risks of your organization.