Part A: Internal Control Investigation and Corrections $(50$ points$)$

Highlight or underline at least six internal control mistakes in the scenario. At least one mistake must relate to bad debt.

For each mistake, type a comment explaining:

What the mistake was

Why it is dangerous from an internal control perspective

Then choose any three of your mistakes and for each one, provide the following:

Clearly describe the mistake

Explain the corrective action or policy to fix it

Describe how the fix will be monitored over time $($who will check it$,$ how often, and what will be reviewed$)$

State who will be responsible for making sure this control is followed regularly. This should be a real role in the company. Be specific.