1. With reference to the information above, identify the key factor (other than segregation of duties) that enabled the fraud to remain undetected for such a long period of time.
2. Describe and explain weaknesses in the current accounts payable function (specifically dealing with the Wizard Finance corporate account) and recommend how each weakness can be addressed.
It is expected that you should be able to identify five (5) weaknesses in the current accounts payable function and provide a suitable recommendation for addressing each identified weakness.