Gaboria Frank is the owner of the Frankincent Machining Limited, a custom machining center with 10 full time employees and a part time bookkeeper Norma who comes in two days a week. Norma convinced Frank to purchase a small business suite of accounting packages and a desktop computer with a laser printer. Norma has set up records on the computer, and all accounting work is now handled using accounting packages ( order entry, accounts receivable, cash disbursements, general ledger and payroll). It took Normal about three months, and she initially have some difficulties balancing the subsystems, but everything seems to be functioning properly now. Frank did not consult with you, his accountant prior to implementing the systems :

a) identify the risks associated with the current method of handling accounting records and identify those activities that Frank should handle in sales, accounts receivable, cash disbursements and payroll. Explain why