Question: Determine whether each procedure described below is an internal control strength or weakness, then identify the internal control violated or followed for each procedure 1.

Determine whether each procedure described below is an internal control strength or weakness, then identify the internal control violated or followed for each procedure 1. The company does not allow employees with access to cash to modify accounting records. 2. The company devotes resources towards keeping accurate accounting records for machinery 3. An employee cannot approve their own request for purchases of inventory 4. The owner does not use ID scanners to limit access to expensive merchandise Instead, the owner argues they hire honest employees. 5. Each salesclerk is in charge of their own cash drawer. Internal Control Principle Weakness of Strength 1. Strength 2 3 4 Strength Weakness
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