Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks…

Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks…

Prepare a report to Chief Executive Officer of Rainbow Illusion to evaluate its processes, risks and internal controls for its revenue cycle. In your report, you need to include the following items:? Identify six strengths in Rainbow Illusion’s system for controlling sales transactions.? For each strength identified, explain what problem(s) Rainbow Illusion has avoided byincorporating the strength in the system for controlling sales transactions.? Identify two situational pressures in a company like Rainbow Illusion that would increasethe likelihood of fraud.? Explain why some companies would choose to install a distributed computer system ratherthan a centralised one.

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