Based on the above information, prepare a report for the chief financial officerof XYZLimited to evaluate their revenuecycle. In your report, you need to include the following items: 1.“Processing of Online Sales Order (section 1.1) and Processing of Offline Sales Order (section 1.2) have different accounting implications.” Discuss this statement in the light of existing revenue cycle of XYZ Limited. 2.In the light of our discussion duringinteractive tutorials, describe potential internal control weaknesses in the sales order procedures and cash receipts procedures of XYZLimited.3.In the light of our discussion during interactive tutorials, discuss the potential risks associated with the internal control weaknesses identified in the requirement number two above. 4.Based on the requirement number threeabove, what types offrauds are possible.
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