Describe the nature of the business processes

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Reference no: EM133559816

Assignment:

Auditing Risk

Select a business of your choice and analyse the business in detail. Please note that you may need to interview several members in the business to understand the Acquisition and Payment, Inventory and Warehousing as well as Revenue & Receipt cycle processes of the selected business in detail.

Question 1. For the selected business, describe the nature of the business processes and the Acquisition and Payment. Students are encouraged to use visuals to discuss the process in detail.

Question 2. Discuss the audit process that will be undertaken using the International Standards on Auditing.

Question 3. Identify the weaknesses in the Acquisition and Payment cycle described above and provide recommendations to address them?

Question 4. Identify the weaknesses in the Inventory and Warehousing cycle described above and provide recommendations to address them?

Question 5. Identify the weaknesses in the Revenue and Receipt cycle described above and provide recommendations to address them?

Reference no: EM133559816

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