ACC 624 SUMMER 2013PROJECT II (15 POINTS TOWARDS THE FINAL GRADE)Assume that the

ACC 624 SUMMER 2013PROJECT II (15 POINTS TOWARDS THE FINAL GRADE)Assume that the following flow chart was prepared by a team member in your audit assignment for an ERP system. As you would notice the figure represents the purchasing and payment activities in a computerized environment. The internal departments that take part in these activities are listed at the top of the document (i.e. End-User Purchasing Department Receiving Department Computer denoted by ERP Accounts Payable and Treasury Department). Though there is no column header Vendor and Our-Bank occupy the first column on the left.Assume that you are at a brain storm session to discuss the internal control system and risk factors for this organization with other audit team members.Required: