B. INTERNAL CONTROL (9 Marks) Instructions For the weakness in each of the situations given below,...

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B. INTERNAL CONTROL (9 Marks) Instructions For the weakness in each of the situations given below, describe what could go wrong and make a recommendation to improve internal control. The following situations are independent of each other: 1. Jim's Electronic Games is a very relaxed place to work. Unissued blank cheques are left in a box on the floor near the printer. 2. XL Products requires every cheque to be signed by the President and the Vice-President of Finance. Because the President travels a lot, she signs several blank cheques in advance of each trip so that the absences will not interfere with the operations of the Accounts Payable department. 1. Jim's Electronic Games: (4 marks) What could go wrong Recommendation 2. XL Products (5 marks) What could go wrong Recommendation B. INTERNAL CONTROL (9 Marks) Instructions For the weakness in each of the situations given below, describe what could go wrong and make a recommendation to improve internal control. The following situations are independent of each other: 1. Jim's Electronic Games is a very relaxed place to work. Unissued blank cheques are left in a box on the floor near the printer. 2. XL Products requires every cheque to be signed by the President and the Vice-President of Finance. Because the President travels a lot, she signs several blank cheques in advance of each trip so that the absences will not interfere with the operations of the Accounts Payable department. 1. Jim's Electronic Games: (4 marks) What could go wrong Recommendation 2. XL Products (5 marks) What could go wrong Recommendation