Mindy Kaliny Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure.
1. Company checks are pre-numbered.
2. The bank statement is reconciled monthly by an internal auditor.
3. Blank checks are stored in a safe in the treasurer’s office.
4. Only the treasurer or assistant treasurer may sign checks.
5. Check signers are not allowed to record cash disbursement transactions.