Answer to Question #204922 in Accounting for kit

Question

1. Aside from the items listed in this module, Identify and list five (5) key objectives, key risks and typical controls for the following Human Resource functions:

1. Recruitment

2. Training and Development

3. Employee Benefits

4. Employee Termination

5. Employee Evaluations

2. Asidefromtheitemslisted in this module, Identify and list five (5) key objectives, key risks and typical controls for the following Finance, Accounting and Treasury functions:

1. Treasury

2. Accounts Payable

3Accounts Receivable

4. Fixed Assets

5. Inventory

3. Aside from the items listed in this module, Identify and list five (5) key objectives, key risks and typical controls for the following Information Technology:

1. IT Processing Operations

2. Backups and Storage

3. IT Access

4. Personal Devices

5. Systems Development

Answer 1

1.Achieve organisational goals.

Work culture.

Team integration.

Training and Development.

Employee motivation.

Control of financial policy and formation of planning.

Preparation of budget

Cost control

Evaluation of employees' performance

Prevention of errors and frauds.

3.Step 1: Identify the Risk.

Step 2: Analyze the Risk.

Step 3: Evaluate or Rank the Risk.

Step 4: Treat the Risk.

Step 5: Monitor and Review the Risk.