Instructions – PLEASE READ THEM CAREFULLY
· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
· Assignments submitted through email will not be accepted.
· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
· Students must mention question number clearly in their answer.
· Late submission will NOT be accepted.
· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
· Submissions without this cover page will NOT be accepted.
Assignment Question(s): (Marks.….)
1. (Write no less that 500 words) Based on what you have learned in Chapter 12, Choose an existing business. This could be a service business, merchandising business; or a manufacturing business. Try to describe the revenue cycle in details. Then, write a case (hypothetical) in which this organization face three types of the following threats and how the organization could resolve these dilemmas:
General Revenue Cycle Threats.
Sales Order Threats.
Cash Collections Threats.
2. What is meant by concurrent audits and how it could be achieved?
3. In your own words, differentiate between COSO and COBIT in terms of their purpose and application. Why do organizations need to apply both of them not only one. (write 200 words).