Question: Part 2: As the internal auditor for Smart Enterprises, you have been asked to document the companys expenditure processing system. Based on your documentation, Smart

Part 2: As the internal auditor for Smart Enterprises, you have been asked to document the companys expenditure processing system. Based on your documentation, Smart Enterprises hopes to develop a plan for revising the current system to eliminate unnecessary delays in expenditure processing.

You are required to:

1. Please explain the threats in the expenditure cycle

2. Following the above question, please clarify how to prevent these threats in the expenditure cycle

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