Chapter 6-Homework 1 wick Ask Pyet O erences Sand Identify the internal control principle that was violated in each of the following separate situations. Situatione a. There is $500 in cash missing from a cash register drawer. Three salesclerks shared the cash register drawer, so the owner cannot determine who is at faul b. An employee stole thousands of dollars worth of equipment over many years. It took years for the company to discover the fraud because accounting records for equipment were rarely updated. e. As a result of significant internal control weaknesses, the company lost millions and was forced to close. Two years prior the company stopped paying for regular audits of internal control to save for renovations of executive offices Help Save & Exit Submit Check my work Principle Violated Establish responsibilities Maintain adequate records Perform regular and independent reviews