Review Homework: Week 9 Chapters 7 and 8 Homework Question list Question 1 O Question 2 O Question 3 O Question 4 K Calculator Ask my instructor Question EF8-12 (book/static) Part 1 of 6 The following situations suggest a strength or a weakness in internal control. View the situations. Read the requirements. Requirement 1. Define internal control. HW Score: 22.5%, 22.5 of 100 points O Points: 0 of 25 Internal control is the following (Only complete the necessary input fields) and all the related measures designed to do Try again Close Next

Question list Question 1 Question 2 Question 3 Question 4 The following situations suggest a strength or a weakness in infernal control. Yow inesturions. Reod the requirements: Requirement 1. Define intomal control internat controt is and ail the related measures designed to do the folowing fouly complete tho necessary input fiolds ) Situations a. Top managers delegate all internal control procedures to the accounting department b. Accounting department staff (or the bookkeeper) orders merchandise and approves invoices for payment c. Cash received over the counter is controlled by the sales clerk, who rings up the sale and places the cash in the register. The sales clerk matches the total recorded by the register to each day's cash sales d. The employee who signs checks need not examine the payment packet because the employee is confident the amounts are correct Requirements 1. Define internal control. 2. The system of internal control must be tested by external auditors. What law or rule requires this lesting? 3. Identify each item as either a strength or a weakness in internal control, and give your reason for each