You have been recently employed as an accountant for Sharp Apparel Pty Ltd (Sharp Apparel), an Australia manufacturer of women's clothing. The CEO, Ms Barbara Sharp, is looking to expand the business in the coming years and is seeking some advice from you. Ms Sharp is concerned about some areas of the expenditure process and has asked you to analyse their processes for inventory management, from purchase to when it is used in the manufacturing process. Additionally, as Sharp Apparel are looking to further evolve their business, Ms Sharp is seeking advice on the introduction of Business Intelligence (BI) and digital dashboards. To assist you in your review, Ms Sharp has prepared a summary of key information. Using the information provided to you, prepare a business report to Ms Barbara Sharp, the CEO, addressing the following: Identification of: internal control weaknesses relating to Sharp Apparel inventory management and expenditure process; the impact these weaknesses could have on the organisation; and (2.5 marks) specific internal controls which could be implemented by Ms Sharp in the coming months to mitigate the weakness posed by the internal control weaknesses you have identified. Note that they do not want theoretical controls suggested. You need to include practical controls that they can implement.

An analysis of how the introduction of business intelligence could impact on the organisation, taking into account: What is BI, including a discussion on digital dashboards?

How will the use of BI and digital dashboards impact on Sharp Apparel, including a consideration of the following areas:

Management decision making;

and Efficiency of the manufacturing process.