APPENDIX 1

MANAGEMENT
WEAKNESSESS OUR FINDING OUR RECOMMENDATIONS
RESPONSE
The company did not One of the significant evidence is GemilangThe person who prepares the cheque
properly implement the payment cycle whereby the person who prepares
and payment voucher should be done by
segregation of duties the cheque and payment voucher is the same only one person. For matches the
within the account person and the same person also who matchespurchase invoice with the purchase
department. the purchase invoices with the purchase orders.
orders should be done by other person.
The management should segregate the
duties among their staff and must clearly
stated.
Gemilang not showed The movement of the finished goods are not The company should consider to hire or
any evidence that it properly monitored and recorded. promoted any of their employee to act
has established and as store keeper or to be responsible to
implemented watch the flow of finished goods and to
appropriate internal start a suitable documentation as a
controls to safeguard supporting evidence.
the company finished
goods.