Referencing Styles : APA Alternative submission method Task You have recently started as the Financial Accountant in a new organisation, ‘Fruito’. Fruito is a local fruit shop which has both a retail shop selling to the public and distributes produce to other local businesses such as restaurants and hotels. Part of your role involves supervising the Accounts Payable department. After observing how the processes are undertaken, you have early concerns around Internal Controls with the ordering and receiving part of … View More Alternative submission method Task You have recently started as the Financial Accountant in a new organisation, ‘Fruito’. Fruito is a local fruit shop which has both a retail shop selling to the public and distributes produce to other local businesses such as restaurants and hotels. Part of your role involves supervising the Accounts Payable department. After observing how the processes are undertaken, you have early concerns around Internal Controls with the ordering and receiving part of the expenditure cycle. After raising your concerns with the Chief Financial Officer (CFO), you are to undertake an initial internal audit of the process, specifically focusing on accuracy, completeness and validity. The scope of the investigation is to: Identify the risks faced by Fruito when ordering and receiving their stock (fruit and vegetables). What is the potential impact of each risk to Fruito? Recommend which Internal Controls should be implemented by Fruito. How do these controls mitigate the risks you have identified? Prepare a summary of your findings for the CFO. Rationale This assessment task is designed to enable you to demonstrate your ability to: understand and apply foundation principles relating to computerised information systems in contemporary organisations; and identify organisational risk and generate systems that control that risk. Marking criteria Criteria: HD DI CR PS Be able to analyse organisational processes and identify relevant risks. Outstanding analysis of at least 7 key relevant risks and how they impact the process. A high level analysis of at least 6 key relevant risks and how they impact the process. An above satisfactory analysis of at least 6 relevant risks and how they impact the process. A satisfactory analysis of at least 5 relevant risks and how they impact the process. Ability to recommend relevant internal controls to mitigate identified risks. Provision of at least 2 relevant recommendations for each identified risk, providing an outstanding level of detail regarding how they each mitigate the risks. Provision of at least 2 relevant recommendations for each identified risk, providing a high level of detail regarding how they each mitigate the risks. Provision of 2 relevant recommendations for each identified risk, providing above satisfactory detail regarding how they each mitigate the risk. Provision of 1-2 recommendations for each identified risk, providing satisfactory detail regarding how they each mitigate the risks. Academic writing skills Outstanding use of syntax, vocabulary, spelling and punctuation; succinct and effective use of vocabulary; correctly formatted using APA style referencing. Outstanding presentation of findings in the correct report format. A high level use of syntax, vocabulary, spelling and punctuation; correctly formatted using APA style referencing. A high level presentation of findings in the correct report format An above satisfactory use of syntax, vocabulary, spelling and punctuation; reference list formatted in APA style, with few or no errors. An above satisfactory presentation of findings in report format with minimal errors. Satisfactory use of syntax, vocabulary, spelling and punctuation; reference list used, formatted in APA style, with minor errors. Satisfactory presentation of findings, report format attempted, some errors or omissions present. Presentation Include a summary of your findings in a response to the CFO. Your re