Question: Refer to the given system flowchart, and we have discussed the control weakness and the risk associated with these control weaknesses. Based on these control

Refer to the given system flowchart, and we have discussed the control weakness and the risk associated with these control weaknesses. Based on these control weaknesses and the associated risk, what types of frauds are possible in this business environment. [3 Marks. Word Limit: Up to 200 words]

Refer to the given system flowchart, and we have discussed the control

Sales Department Accounting Department Warehouse Shipping Department Customer Packing Sip Sales Order Sales Order Stock Release Packing Slip Stock Release Packing Sip Customer Order AR Sub Ledger Reconcile Packing slip and Sales order, send goods to Carrier Record in Shipping log. Approves Cred prepare Sales documents Pick Goods Update Inventory send goods to Shipping Bill Customer Update Accounts Inventory Sub lediger Shipping Log AR Control Sales Order Sales Order Stock Release Packing Sip Stock Release Packing Sip Carrier Sales Invice Sales Order Stock Release Packing Sip Biling Department Sales Invoice Add prices and taxes. Bil Customer and record Sale Seles Journal Sales Invoice Customer

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