Figure 12-18 depicts the activities performed in the revenue cycle by the Newton Hardware Company. a. Identify

Question:

Figure 12-18 depicts the activities performed in the revenue cycle by the Newton Hardware Company.
a. Identify at least 7 weaknesses in Newton Hardware's revenue cycle. Explain the resulting threat and suggest methods to correct the weakness.
b. Identify ways to use IT to streamline Newton's revenue cycle activities. Describe the control procedures required in the new system.