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.
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