Lily, the founder of Pacman company, is currently engaged to Robin the CEO of TechnoThe invoices of the Pacman company for an IT service costing RM200,000. As he investigated further, it appeared that the company had been paying the IT bill to Cyber company RM200,000 consistently for the previous 6 months for "bug-fixing" service.Jason later learned that Cyber is subsidiary company of Techno. As Jason dug into the issue further, he found that the same IT service of "bug-fixing" would typically cost RM50,000 in a one- off service.Wanting to clarify, Harlow, the financial controller, contacted the Director from Sales Department. "There is no one in the department overseeing the sales generated from the app, the sales from the app are wholly monitored by Techno. Pacman only get summary of the sales from the app transactions sent to us every fortnight.The CFO of Pacman has been assisting a lot in handling the financial matters pertaining to the sales."What is the financial accounting issue and what should do to solve the issue? Is there any issues relating to audit? What are the solutions/safeguards?