Question: Part II - Application Task Using the sample data below, perform a basic risk assessment. Scenario: ABC Trading Company is facing issues in cash disbursement.

Part II - Application Task Using the sample data below, perform a basic risk assessment. Scenario: ABC Trading Company is facing issues in cash disbursement. In the past quarter, 3% of disbursements were made without supporting receipts, and inventory discrepancies have increased by 10%. Task: 1. Identify three (3) potential risks from the case. 2. Use a Risk Assessment Matrix to evaluate: o Risk Description o Likelihood (Low, Medium, High) o Impact (Low, Medium, High) o Overall Risk Rating o Suggested Mitigation Strategy Risk Description Likelihood Impact Risk Rating Mitigation Strategy Missing receipts High Medium High Implement strict documentation control

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