Based on the above information, prepare a report for the head of the accounting department of RCIATO Limited to evaluate their revenue cycle. In your report, you need to include the following items:...

Based on the above information, prepare a report for the head of the accounting department of RCIATO
Limited to evaluate their revenue cycle. In your report, you need to include the following items:
1. "Establishing separate departments for warehousing, shipping and inventory control will
enhance internal controls over the inventory." Discuss this statement in the light of the existing
revenue cycle of RCIATO Limited.
2. In the light of our discussion during interactive tutorials, describe potential internal control
weaknesses in the sales order processing procedures and cash receipts procedures of RCIATO
Limited.
3. In the light of our discussion during interactive tutorials, discuss the potential risks associated
with the internal control weaknesses identified in Section (2) above.
4. Based on Section (3) above, what types are frauds are possible. Hint: we have discussed different
types of frauds in the interactive tutorial and lectures. Your discussion should be based on these contents.