Table 11.4 (page 516) identifies three risks typically encountered when planning the production schedule.

Required

(a) Analyse the degree of exposure to each of these risks in the plan production schedule process at AB Hi-Fi.

(b) Determine how many of the common controls described in table 11.4 are present in the plan production schedule process at AB Hi-Fi.

(c) Prepare a short report suitable for senior management to explain how risky you think the plan production schedule process is, and how comprehensive the current internal controls are.

(d) Prepare a recommendation describing any changes you would like to make to the plan production process at AB Hi-Fi in order to reduce the level of risk.