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Internal Control System Effectiveness

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Office Supplies Products Ltd is a large office supplies company. It has separate purchasing and receiving departments for its paper, writing products and printing supplies. The paper department requisitions most purchases for the various office supplies stores and these purchases need to be approved by the department manager . Other departments are able to raise requisitions for goods and services without authorisation . The purchasing department is responsible for obtaining goods and services a soon as the requisition is received , using unnumbered purchase orders . For convenience, the purchase order book is accessible to all purchasing department staff. Required: (a) List the internal control weaknesses in the above (b) Outline recommendations to overcome the internal control weaknesses in part (a)