Jounta Enterprises is a wholesaler that purchases consumer merchandise from many different suppliers.
Required:
1. List any strengths and weaknesses in the internal control procedures of Jounta enterprises.
2. Draw a document flowchart of the expenditure processes.
3. Describe any benefits that Jounta may receive by installing a newer, IT system to process purchases, goods received, accounts payable, and checks. Be specific as to how IT systems could benefit each of the processes described.