Collateral Deposit (Part 2)2 (This is a continuation of Problem 27 in Chapter 2.)

Required

Part 1 prepares an analytic flowchart and cross-references it to the list of procedures that accompanies Problem 27 in Chapter 2.

Part 2 Prepare an application controls matrix for the process using the form shown in Figure 4.9. Cross-reference the controls to the matrix using the appropriate numbers from the list of procedures.

Identify any apparent weaknesses noted in the description of the collateral receipt process.