Question: Identify the internal control weakness in the given situation. State how the person can hurt the company: Situation: John Code works as a security guard

Identify the internal control weakness in the given situation. State how the person can hurt the company: Situation: John Code works as a security guard at a parking facility in the City. John has a master key to the cash box where customers pay for parking. Each night John prepares the cash report that shows (a) the number of cars that parked on the lot and (b) the days cash receipts. Cane Jones, the parking facility treasurer, checks John's figures by multiplying the number of cars by the parking fee per car. Cane then deposits the cash in the bank.

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