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please assist SECTION A [100 MARKS] Answer ALL the questions in this section. QUESTION 1 1.1 Explain the risks inherent in supply chain and subsequently
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SECTION A [100 MARKS] Answer ALL the questions in this section. QUESTION 1 1.1 Explain the risks inherent in supply chain and subsequently the role of internal controls (10 marks) 1.2 (4 marks) Business risks can be categorised as ownership, process and behavioural. Provide FOUR examples of process risk 1.3 (6 marks) Explain what management should do to create an environment in which fraud is unlikely to occur and to swiftly detect it if it does occur QUESTION 2 2.1 (10 marks) REQUIRED Study the Statement of Comprehensive Income of Fairmont Ltd and additional information below and answer questions below based on the Pro-Forma Statement of Comprehensive Income for July and August 2019. INFORMATION The Statement of Comprehensive Income of Fairmont Ltd for the year ended 30 June 2019 is as follows: SECTION A [100 MARKS] Answer ALL the questions in this section. QUESTION 1 1.1 Explain the risks inherent in supply chain and subsequently the role of internal controls (10 marks) 1.2 (4 marks) Business risks can be categorised as ownership, process and behavioural. Provide FOUR examples of process risk 1.3 (6 marks) Explain what management should do to create an environment in which fraud is unlikely to occur and to swiftly detect it if it does occur QUESTION 2 2.1 (10 marks) REQUIRED Study the Statement of Comprehensive Income of Fairmont Ltd and additional information below and answer questions below based on the Pro-Forma Statement of Comprehensive Income for July and August 2019. INFORMATION The Statement of Comprehensive Income of Fairmont Ltd for the year ended 30 June 2019 is as followsStep by Step Solution
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