1) To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked "attach'e" case in the stockroom until it is deposited in the bank.
2) All over-the counter receipts are registered by the clerks who use a cash register with a single cash drawer.
3) The company accountant makes the bank deposit and then records the day's receipts.
4) At the end of each day, the total receipts are counted by the cashier on duty and reconciled to the cash register total.
5) Cashiers are experienced; they are not bonded.
(a) For each procedure:
i) explain the weakness in internal control
ii) identify the control principle that is violated.
(b) For each weakness, suggest a change in procedure that will result in good internal control.