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  • AIS615

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    Khamila Najwa
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    The document provides tips for summarizing weaknesses, risks, and improvement suggestions found in a case study. It outlines a 3 point structure: [1] Describe the identified weakness; [2] Explain possible risks that could arise from the weakness; [3] Suggest internal controls or future improvements to address the weakness. An example is given analyzing a weakness in expenditure cycle where materials requests were made verbally without documentation between departments. The risks of error or improper ordering are noted, and using standardized forms is suggested as an improvement.

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    TIPS

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    The document provides tips for summarizing weaknesses, risks, and improvement suggestions found in a case study. It outlines a 3 point structure: [1] Describe the identified weakness; [2] Explain possible risks that could arise from the weakness; [3] Suggest internal controls or future improvements to address the weakness. An example is given analyzing a weakness in expenditure cycle where materials requests were made verbally without documentation between departments. The risks of error or improper ordering are noted, and using standardized forms is suggested as an improvement.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    AIS615

    Uploaded by

    Khamila Najwa
    The document provides tips for summarizing weaknesses, risks, and improvement suggestions found in a case study. It outlines a 3 point structure: [1] Describe the identified weakness; [2] Explain possible risks that could arise from the weakness; [3] Suggest internal controls or future improvements to address the weakness. An example is given analyzing a weakness in expenditure cycle where materials requests were made verbally without documentation between departments. The risks of error or improper ordering are noted, and using standardized forms is suggested as an improvement.

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    © All Rights Reserved
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    TIPS TO SCORE PBL & FINAL EXAMINATION QUESTION (IF THE TOPIC AVAILABLE)

    No. Weaknesses & Possible Risks Improvement/Control/Suggestion


    1 The 1st weakness/es that has been found in the case To prevent or to control this
    study is when the sales clerk approve the credit risk/threat/weakness, the business in
    application from the customer without referring or the future should improve/
    get authorization from the credit manager / implement/adopt control the credit
    management process by restricting
    1ST POINT: DESCRIBE THE WEAKNESSES/ the sales clerk to approve the credit
    ISSUE/PROBLEM FROM THE CASE STUDY application and ask credit manager to
    fulfill this function. The business also
    Therefore, if this situation/weakness happen, the should separate the
    possible risks/threats that will occur are when the duties/responsibilities of the sales
    sales clerk make an error to the credit application or clerk and credit manager when
    creating conflict of interest when the customer have managing the sales order system. /
    direct relationship with her/him /
    3RD POINT: SUGGEST/RECOMMEND
    ND
    2 POINT: TELL THE READER, INTERNAL CONTROLS AS THE
    CONSEQUENCE/RISK/THREAT THAT CAN BE FUTURE SOLUTION/IMPROVEMENT.
    HAPPENED FROM THE WEAKNESSES/ISSUE. (YOU (YOU CAN SUGGEST MORE THAN 1)
    CAN SUGGEST MORE THAN 1)
    2 The 2nd weakness/es that has been found in the case To prevent or to control this
    study is when …………………………………. risk/threat/weakness, the business in
    the future should improve/
    Therefore, if this situation/weakness happen, the implement/adopt control
    possible risks/threats that will occur are when ………………………………………..
    ……………………………

    Example from PBL – Expenditure Cycle:

    When the materials have dropped below the re-order level, request for orders are made by the
    production department verbally to the purchasing department.

    The 1st weakness/es that has been found in the case study is when the materials ordered/request by the
    production department was made verbally WITHOUT using proper documentation such as purchase order
    form or material requisition form as the purchasing application evidence.

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