Auditors generally divide company information systems into business processes or transactions cycles. Using this approach, the auditor is able to gather evidence by examining the processing of related transactions from their original to their ultimate disposition in accounting journals and ledgers. The five basic processes are as follows: Revenue process Purchasing process Human resources management process Inventory management process Financing process Discuss $1$ of the business processes through the lens of control and risk.

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Lets examine the Revenue process through the lens of control and risk Revenue Process Control 1 Segregation of Duties There should be a clear segregat... View the full answer