M8-2 Identifying Internal Control Procedures and Principles Fox Erasing has a system of internal control with the following procedures. Match the procedure to the corresponding internal control principle. Procedure Internal Control Principle ____ 1. The treasurer signs checks. ____ 2. The treasurer is not allowed to make bank deposits. ____ 3. The company’s checks are prenumbered. ____ 4. Unused checks are stored in the vault. ____ 5. A bank reconciliation is prepared each month. A. Establish responsibility. B. Segregate duties. C. Restrict access. D. Document procedures. E. Independently verify.