Please discuss the following interrnal control issues:

1. Why should the responsibility for maintaining the accounting records be seperated from the responsibilty for operations? Explain.

2. Assume that Brooke Miles, account payable clerk for West Coast Design Inc., stole $48,350 by paying fictitous invoices for goods that were never received. The clerk set up accounts in the names of the fictitious companiesd and cashed the checks at a local bank. Discuss a control procedure that would have prevented o detected the fraud.

3.The balance of Cash is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference?