This assignment $($Purchases$,$ Payables, Payments System$)$ will be discussed and partially completed in class. Please be sure to print these materials for your use in class and as an assignment.

The Deliverables are as follows: YOU MUST USE THE ATTACHED TEMPLATES WHENEVER POSSIBLE

$1)$ A Detailed System Narrative of the Process,

$2)$ An Identification of Controls & Weaknesses with an Explanation of how the Controls will be tested and how the weaknesses MAY CAUSE financial statement misstatements,

$3)$ An Overall Risk Assessment of the Processes

$4)$ An Explanation of How to Improve the Weaknesses in the form of a Letter of Recommendation to Management.