Question 2 (6 marks) Read the case study below and answer the questions that follow: Gamma Electrical Solutions is a Sou

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Question 2 6 Marks Read The Case Study Below And Answer The Questions That Follow Gamma Electrical Solutions Is A Sou 1 (60.13 KiB) Viewed 39 times

Question 2 (6 marks) Read the case study below and answer the questions that follow: Gamma Electrical Solutions is a South African manufacturer and installer of solar backup systems. The company used Protiviti's Risk Model to classify and identify the following external risks that could have a detrimental impact on the company: Most of the components required to assemble the solar power systems are imported. Due to the volatility of the exchange rate, Gamma uses derivative instruments to fix the price that they pay for components six months in advance. The rand has strengthened significantly since it last fixed its exchange rate. Gamma's solutions include comprehensive monitoring, which allows users to monitor their energy consumption on their smartphones for a monthly fee. The company that provides the monitoring service is based in Ireland. Due to a break in an undersea cable, users were unable to access the monitoring service. For the last year, the auditors have been investigating suspicious transactions in Gamma's financial records. After an extensive investigation, it was found that two employees submitted forged invoices for items that were never delivered to the company. Based on Protiviti's Risk Model, categorise the three process risks identified by Gamma's management. Motivate your answer with examples from the scenario.