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8 Homework Saved Identify the internal control principle that was violated in each of the following separate situations. Situations Principle Violated a. An employee stole thousands of dollars worth of equipment over many years. It took years for the company to discover the fraud because accounting records for equipment were rarely updated. b. An employee requested merchandise be purchased, then approved the purchase request, and finally made payment to a fake supplier. The employee stole a considerable amount of money under this scheme. C. As a result of significant internal control weaknesses, the company lost millions and was forced to close. Two years prior, the company stopped paying for regular audits of internal control to save for renovations of executive offices. Q Search DELL