OVERVIEW:
This assignment provides an opportunity for you to consider the meaning and operation of internal control by reflecting on the design, implementation and effectiveness of internal control plans in a business process.
The specific skills addressed include:
• Reading and analysing system documentation
• Completing an internal control analysis for a business process
• Evaluating the likely attainment of information reliability goals
• Evaluating the appropriateness and potential use of control plans within the process.
GROUP SIZE:
The assignment is a group assignment. Assignments are to be completed in groups of three or four. You may work with any student enrolled in the subject.
GENERIC SKILLS ADDRESSED:
This assignment addresses the following generic skills:collaborative learning; problem solving; team work; interpretation and analysis; critical thinking; evaluation of data and other information; use of computer software; written communication; application of theory to practice.
PLAGIARISM:You are cautioned against copying and relying on the work of others. Copying the work of others is plagiarism and as such carries severe penalties.
WEIGHTING:15% of the overall subject result
DUE DATE:11pm on Monday 12 May2014
SUBMISSION:
Assignments must be submitted electronically via the LMS link to the assignment tool. Please complete the cover sheet which follows and include it as your first page of the assignment. Your answer must be typed, double-spaced, 12 point font and be a maximum of 1500words(excluding the reference list).Only one file per assignment per group is to be submitted. You must submit your assignment as a pdf file. Please check that your .pdf file is legible before submitting.
Task:
A flowchart for a business process follows this page. You are required to (1) analyse the process and complete the attached control framework, and (2) answer the two questions that follow the control framework. All answers should be based around the process that is depicted in the flowchart provided.
(1) CONTROL ANALYSIS FRAMEWORK
You are required to complete the four stages of the Control Analysis Framework.
Follow the instructions contained within each stage when completing the control framework.
(2) WRITTEN QUESTIONS
Two short answer questions are provided. Your group is to prepare an answer for each of these questions. The answer for each question should NOT exceed 200 words.
MARK ALLOCATION:
Question 1 (PARTS A-D): 20 marks
Question 2: 5 marks
Question 3: 5 marks each
TOTAL: 30 marks (converted to a score out of 15 for assessment)
Word Limit:1500WORDS (excluding in-text references and reference list). Note: a 10% leeway is built into the word limit range above. Your assignment cannot exceed 1500 words.
Where appropriate, references should be used to substantiate your discussion. Use either the Harvard or APA referencing systems. More information is available from the Centre for Teaching and Learning:http://fbe.unimelb.edu.au/celt/tools/helpsheets
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