Following are five separate cases involving internal control issues.

Required:

For each case, identify the principle$($s$)$ of internal control that is violated.

a$.$ Tywin company keeps very poor records of its equipment. Instead, the company asserts its

employees are honest and would never steal from the company.

b$.$ At Tico Company, Julia and Trevor alternate lunch hours. Julia is the petty cash custodian, but if

someone needs petty cash when she is at lunch, Trevor fills in as custodian.

c$.$ Chi Han receives all incoming customer cash receipts for her employer and posts the customer

payments to their respective accounts.

d$.$ Marker Theater has a computerized order$-$taking system for its tickets. The system is backed up

once a year.

e$.$ The owner of Super Pharmacy uses a check software$/$printer to prepare checks, making it difficult

for anyone to alter the amount of a check. The check software$/$printer$,$ which is not password protected,

is on the owner's desk in an office that contains company checks and is normally unlocked.

Perform regular and independent reviews.

Separate recordkeeping from custody of assets.

Apply technological controls.

Divide responsibility for related transactions.

Maintain adequate records.

Establish resDonsibilities.