answer needed for following parts:

1. "A credit sale is not a complete transaction." Discuss.

2. Discuss factors that should be considered in the organizational location of the internal audit function.

3. Apply the systems approach to the following objectives:

a. to improve the quality of an AIS

b. to improve the image of a university

c. to better the competition

4. Identify several accounting-related decisions that you feel might be made by the following personnel. Do the information needs of these positions differ?

a. president of a company

b. controller

c. accounting manager