Exercise 8-02 For each procedure, explain the weakness in internal control, and identify the control principle (a) that is violated. The following control procedures are used at Torres Company for over-the-counter cash receipts (b) For each weakness, suggest a change in procedure that will result in good internal contral To minimize the risk of robbery, cash in excess of $100 s stored in an uniocked briefcase in the stock room until it is deposited in the bank 1. (a) Weakness Principle: Recommendedi (b) Change All over-the-counter receipts are processed by three clerks who use a cash register with a single 21 cash drawer. (a) Weakness Principle Recommended (b) change 3. The company accountant makes the bank deposit and then records the day's receipts (a) Weakness Principle Recommended (b) Change At the end of each day, the total receipts are counted by the cashier on duty and reconciled to 4 the cash register total. (a) Weakness: Principle: Recommended (b) Change: 5. Cashiers are experienced; they are not bonded. (a) Weakness Principle: Recommended