Please answer questions a) and b) that are stated in the question in great detail. Also answer the question in the format that it is telling you to answer in

The Art Appreciation Society operates a not-for-profit art gallery for the benefit of the community. During the hours when the gallery is open to the public, a clerk is positioned at the main entrance and collects a $10 admission fee from each non-member and gives the person a pre-printed, pre-numbered cash receipt form. Members of the society are permitted to enter free of charge upon presentation of their membership cards. At the end of the day, the clerk counts the cash received and prepares a two-part" daily receipts form" which shows the date, amount received and the clerk's signature. The original is placed with the cash in a safe in the office, while part two is sent to the treasurer's home. Each Friday the treasurer, an unpaid volunteer and board member, visits the gallery, obtains the cash receipts from the safe, counts the cash and compares it to his copies of the receipt forms and prepares the weekly bank deposit. All disbursements are made by cheque which require the dual signatures of the president and the treasurer. The treasurer is responsible for maintaining the cash receipts journal (basically a record of bank deposits) and the disbursements journal. He also reconciles the society's bank account each month. You are a member of the board of directors of the society and, at a recent meeting, several board members expressed concern about the society's internal control procedures. They asked that you as a CPA, perform an audit of the society's financial statements and make suggestions to improve controls. However, the board is unwilling to hire additional employees or to incur additional significant costs. Required - answer both part a & b: a. Given your position, is it acceptable for you to audit the society's financial statements? Explain. (2 marks) b. List four weaknesses in the existing system of internal controls and recommend improvements. (8 marks) Format your answer as follows: Weaknesses Recommended Improvement