Consider the meaning and operation

Assignment Help Business Economics

Reference no: EM13136121

OVERVIEW:
This assignment provides an opportunity for you to consider the meaning and operation of internal control by reflecting on the design, implementation and effectiveness of internal control plans in a business process.
The specific skills addressed include:
• Reading and analysing system documentation
• Completing an internal control analysis for a business process
• Evaluating the likely attainment of information reliability goals
• Evaluating the appropriateness and potential use of control plans within the process. GENERIC SKILLS ADDRESSED:
This assignment addresses the following generic skills:collaborative learning; problem solving; team work; interpretation and analysis; critical thinking; evaluation of data and other information; use of computer software; written communication; application of theory to practice. Task:
A flowchart for a business process follows this page. You are required to (1) analyse the process and complete the attached control framework, and (2) answer the two questions that follow the control framework. All answers should be based around the process that is depicted in the flowchart provided.
(1) CONTROL ANALYSIS FRAMEWORK
You are required to complete the four stages of the Control Analysis Framework.

Follow the instructions contained within each stage when completing the control framework.
(2) WRITTEN QUESTIONS
Two short answer questions are provided. Your group is to prepare an answer for each of these questions. The answer for each question should NOT exceed 200 words.

Reference no: EM13136121

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