Case Study - Adam & Co.

Running head: CASE STUDY – ADAM & CO.
Case Study – Adam & Co.
Name of the Student
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CASE STUDY – ADAM & CO.1
Executive Summary
The attached report contains an analysis of the purchases, cash disbursements and
payroll system of Adam & Co. It starts off with an introduction of the company and the
nature of the business that it is involved in. After which, the system flowcharts of all the
systems are drawn to simplify the process that is undertaken by the company. This is
also helpful in analysing the systems. After which, the report proceeds to identify the
weaknesses of each system and the risks that are likely to occur due to these systems.

CASE STUDY – ADAM & CO.2
Table of Contents
Introduction........................................................................................................................3
System Flowchart of Purchases System...........................................................................4
System flowchart of cash disbursements department.......................................................5
System flowchart of the payroll system.............................................................................6
Description of internal control weaknesses and risks.......................................................7
Purchases system..........................................................................................................7
Cash Disbursements System.........................................................................................7
Payroll system................................................................................................................8
Conclusion......................................................................................................................8
References.....................................................................................................................9