Required

Prepare a report to the Managing Director to evaluate the processes, risks and internal controls for

its expenditure cycle. In your report, you need to include the following items:

 System flowchart of purchases system

 System flowchart of cash disbursements system

 System flowchart of payroll system

 Description of internal control weakness in each system and risks associated with the

identified weakness

Assignment Structure

The report should include the following components:

 Assignment cover page clearly stating your name and student number

 A table of contents, executive summary

 A brief introduction or overview of what the report is about.

 Body of the report with sections to answer the above issues and with appropriate section

headings

 Conclusion

 List of references

Read less