RAINBOW ILLUSION.

Required Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks and internal controls for its expenditure cycle. In your report, you need to include the following items: ? Identify six strengths in Rainbow Illusion’s system for controlling sales transactions. ? For each strength identified, explain what problem(s) Rainbow Illusion has avoided by incorporating the strength in the system for controlling sales transactions. ? Identify two situational pressures in a company like Rainbow Illusion that would increase the likelihood of fraud. ? Explain why some companies would choose to install a distributed computer system rather than a centralised one.