Question $4$ of $7$

$($a$)$ For each procedure, explain the weakness in internal control, and identify the control principle that is violated.

$($b$)$ For each weakness, suggest a change in procedure that will result in good internal control.

$1.$ To minimize the risk of robbery, cashin excess of $\backslash (\backslash$$ $100\backslash )$ is stored in an unlocked briefcase in the stock room until it is deposited in the bank.

$($a$)$

Weakness:

Principle:

$($b$)$

Recommended Change:

$2.$ All over$-$the$-$counter receipts are processed by three clerks who use a cash register with a single cash drawer.

$($a$)$

Weakness:

Principle:

$($b$)$

Recommended Change:

$3.$ The company account ant mukes the bank deposit and then records the day's receipts,