Identify at least three weaknesses in Eid Corporation’s revenue cycle activities. Describe the problem resulting from each weakness. Recommend control procedures that should be added to the system to correct the weakness.
Under the expenditure cycle ordering materials, supplies and services are the first activity. Explain the following ordering threats with suitable example with each of these. a) Purchasing at inflated prices b) Unreliable Suppliers c) Kickbacks Question 2: (03 Marks) What are the advantages of the REA data model over the traditional AIS model? Question 3: […]