Identify the missing internal control procedure in the following situations:
a. In the course of auditing the records of a company, you find that the same employee orders merchandise and approves invoices for payment.
b. Business is slow at the Vogue Theatre on Tuesday, Wednesday, and Thursday nights. To reduce expenses, the owner decides not to use a ticket taker on those nights. The ticket seller (cashier) is told to keep the tickets as a record of the number sold.
c. The same trusted employee has served as cashier for 10 years.
d. When business is brisk, Hasties Convenience Store deposits cash in the bank several times during the day. The manager at the convenience store wants to reduce the time employees spend delivering cash to the bank, so he starts a new policy. Cash will build up over weekends, and the total will be deposited on Monday.
e. Grocery stores such as No Frills and Walmart purchase large quantities of their merchandise from a few suppliers. At one grocery store, the manager decides to reduce paperwork. He eliminates the requirement that a receiving department employee prepare a receiving report, which lists the quantities of items received from the supplier.
f. The treasurer of the Beta Soccer Association was elected for a third term to manage all the financial affairs of the club. The president and secretary have signing authority, so sound internal controls are in place.
g. A pancake breakfast is held every year to raise funds (over $10,000) for charity. The organizers 15-year-old daughter is hired to sell tickets and handle the funds collected.