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Organizations are all seeking opportunities to automate and remove mundane routine tasks. Your audit client, RockingSocks ( Pty ) Ltd is the largest sock manufacturer

Organizations are all seeking opportunities to automate and remove mundane routine tasks. Your audit client, RockingSocks (Pty) Ltd is the largest sock manufacturer in the southern hemisphere and has recently implemented an automated bank reconciliation system.CFO, Thabo Ramba, discussed the new tool with you and mentioned that the tool had been a real game changer, having made a significant difference in their work schedule.
You are required To:
(a) Explain the benefits of implementing a bank reconciliation system and thereby automating the reconciliation process. (3)
(b Briefly explain automated bank reconciliations. (2)
(c) Briefly explain the IT general and automated application controls that you will consider testing.

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