Assurance Services. Henry’s Health Food Store maintains a perpetual inventory on itscomputer. The sales representative from A-Plus Vitamins has recommended the following toHenry:∙ All the files should have password protection.∙ A-Plus Vitamins should be given the URL and the password for Henry’s inventory file onthe computer, which can be accessed from outside.∙ A-Plus Vitamins will search the inventory for items that fall below an established reorderpoint and will automatically ship a set amount of product to Henry’s.Required:a. What are the advantages of this arrangement for Henry’s? For A-Plus Vitamins?b. What concerns might Henry’s have in this arrangement?c. How might these concerns be addressed?

17. Please answer asap!!!

Paul Williams recently joined XYZ2 Limited as the head of the accounting department. Williams spent the first few weeks analysing the account information system. Based on this analysis, Williams is concerned about the purchase system of XYZ2 Limited. Here are the details of the purchase system.   The purchasing agent of XYZ2 Limited periodically checks inventory levels from a computer terminal connected to a central accounting system. The agent searches the inventory file for items that need to be ordered. He then selects a supplier, prints a hard copy of the purchase order, and mails it to the vendor. The clerk files one copy of the PO in the department and sends a second copy to the AP Clerk. When the inventories arrive at the receiving department, a receiving clerk reconciles the items with the packing slip, inspects them for condition, and manually prepares a three-part receiving report. The clerk sends one copy to the purchasing department to close out the open PO, files one copy…

In the evaluation of sales transaction processing and control design in the following information:(a)identify two or three potential weaknesses. breifly explain the potential mistatement, recommended correction and possible weakness of all two or three potential weaknesses identified. Marco uses the PC network to manage inventory, sales requisitions, and sales orders. Salesclerks who can read the perpetual inventory records via their PCs take customer orders. Most orders originate from phone requests, but a few arrive on a walk-in basis and some occasionally come in the mail. Usually, building contractors or their representatives call to get current price quotes and find out if specific appliances are in stock. When goods are available and the price is satisfactory, a salesclerk originates a sales requisition and the process of approving and filling it begins if customers plan to pick up their order the same day. Orders received after 4:00 PM cannot be delivered the same day; buyers…