Question

Scenario: Company B offers parenting advice to young single mothers. Most of the agency's revenues are from government grants. The general manager is responsible for all of the accounting work, including approving invoices for payment, preparing and posting all entries into the accounting system, and preparing bank reconciliations, 1. Based on the scenario, identify the weakness. 2. What could go wrong? 3. Provide a recommendation to address/remove the control weakness I

Answer 1

29 MAY Monday 2017 are general often grendling the scenarios Findl crit I watain weafineos in the process of work, which as follow : 1) As manager is fully veesponsible for gucsunting the lots of pressure The Second weakness a finel out is that he needs to prepare 30 and post all entries into accounting System, oppure Sanft récontilation Everey, Small on work needs to large B) After finding out zuzafiness) the things could go 1) the general manager needs zgorfe in the organisation The may imalae mistafle Tuesday Invoice ( are CS Scanned with CamScanner

Wednesday 2017 in have other the MAY 31 calculation because due to Terpoint to the complete the WOOR 3) at clecrease the Quality and Wypfo te.complete efficiency of words in the 3 There may be chance of fraud and misuse of fund beg game managere he mafadh d Approue, Es he can change the amount and no one notice about it G) The recommendations I would Rewricle to Conteeol zveafness o 1). The first and foremost is to Begregation of duties manger that there should be staff, who will mefce énvoic preparation bank reconcilattoni general manigor Shoulil q aglione CS Scanned with CamScanner

JUNE 2017 Thursday 3) fake Shoreld 1 Approc make all accounting & personię, Staff Should will sal reduce the chance of correes, braud, misuse a 2 sen core Tn 2 CS Scanned with CamScanner