1. Describe the risks associated with the system depicted in the flowchart. 2. Describe...
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Accounting
1. Describe the risks associated with the system depicted in the flowchart.
2. Describe the physical controls needed to mitigate each risk.
Purchases Department Receiving Department Central Computer Facility Account Payable Department Warehouse Packing Vendor Invoice Rec Reprt Identify Items and Select Vendor Prepare Receiving Accaunting System 10-5 ho report Packing Recomcile documents and set up Liability Reconcile and Upolate Inventory Slip Ret Reprt ventory Records Rec Reprt Rec Reprt Invoice MCCOUNT Payable Rec Reprt Vendor Purchases Department Receiving Department Central Computer Facility Account Payable Department Warehouse Packing Vendor Invoice Rec Reprt Identify Items and Select Vendor Prepare Receiving Accaunting System 10-5 ho report Packing Recomcile documents and set up Liability Reconcile and Upolate Inventory Slip Ret Reprt ventory Records Rec Reprt Rec Reprt Invoice MCCOUNT Payable Rec Reprt Vendor
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