Question: a- During the Week 2 Interactive Tutorials, we discussed therole of an active board of directorsaudit committee from different aspects. In the light of that
a- During the Week 2 Interactive Tutorials, we discussed therole of an active board of directorsaudit committee from different aspects. In the light of that discussion, explain the importance of an active board of directorsaudit committee to an organisation.[3 Marks. Words Limit: Up to 200 words
]b) - The given system flowchart elaborates the business activitiesinvolved in different departments, including (1) Sales Department, (2) Accounting Department, (3) Warehouse, (4) Shipping Department, and (5) Billing Department. The bottom part of this Figure indicates that the Sales Department sends the sales invoice to the Billing Department. Here, it is assumed that this sales invoice only contains non-financial information. For instance, the customer and quantity details. We have discussed the control weakness and the risk associated with these control weaknessesduring the Week 4 interactive tutorials. Based on these control weaknesses and the associated risk, what types of frauds are possible in this business environment.
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