3.
5 WEAKNESSES, RISK EXPOSURE, INTERNAL CONTROL PROCEDURE
No. Weakness
1. Inaccurate amounts of the
inventory
The sales and the stocks
are difficult to be match
correctly and the period of
physical counts of
inventory are not in a
time-to-time basis.
2. Loss, alteration or
unauthorized disclosures
of data.
3. The spare parts and
services are also not easy
to buy.
Risk Exposure Internal Control Procedure
Overstatement or Implement independent
understatement of verification. The
inventory may happen.
recordkeeping should be
independently reviewed at
various points in the system
to check for accuracy and
completeness. General
ledger reconciles journal
vouchers from inventory
control and cash receipts.
The data may inaccurate Authorized a document for
each transaction such as the
internal transfer of the
inventory and file them
properly.
Ordering too little The segmentation of spare
(understocking) will parts should be done on the
result in shortages and it basis of the previous
will be unable to provide variables presented. This
effective treatment and enables a specified
care, undermining staff management approach for
and patient confidence in each, instead of a uniform
the service. Ordering too approach for all spare part
much (overstocking) will items.
result in a build-up of
stock and wastage.
No. Weakness Risk Exposure Internal Control Procedure

4. Customer order are Slow down the purchase Internal control take place
incomplete and inaccurate- process. when customers order in
bulk, the person in charge
should take precaution of
the orders taken. When the
customers do so, the
specific thing ordered must
be the correct goods wanted