1- Briefly summarize the problem in this case. 2- Inform the President of any new internal control requirements if the company decides to go public. 3- Advise the President of what the company is doing right (they are doing some thing swell) 4- Recommend to the President whether or not they should buy the indelible ink machine. 5- When you advise the President, please be sure to reference the applicable internal control principle that applies. 6- Explain the importance of the bank reconciliation in the context of internal control