Question: Consider the internal controls listed below. For each one, explain: ( i ) the risk it addresses, ( ii ) the risk category from Brown

Consider the internal controls listed below. For each one, explain: (i) the risk it addresses, (ii) the risk category from Browns taxonomy, (iii) the broad purpose of internal control it achieves, and (iv) the nature of the control (preventive, detective, corrective).
1. Reconciling a bank statement.
2. Requiring that all purchase requisitions are coordinated through a central purchasing department.
3. Encouraging employees to attend annual seminars on ethical behavior in the workplace and related topics.
4. Tearing ticket stubs in half at a movie theater when a patron enters.
5. Collecting cash at one window and delivering the order in a different window at a fast food establishment.

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