Question 5 (7 marks)

Miss Angela recently joined A2A Limited as an accounting clerk. As a part of the financial reporting process, she receives the following source documents to prepare journal vouchers for general ledger entries.

purchase orders,

sales invoices, and

vendor invoices

Angela posts the journal vouchers to the general ledger and the related subsidiary ledgers at the end of each day. Each month the clerk reconciles the subsidiary accounts to their control accounts in the general ledger to ensure that they balance.

Required:

Discuss any control weaknesses and risks associated with the accounting information system of A2A Limited.