Z AaBbCcDdB AaBbCcDdE AaBbc AaBb Cel Heading 1 Heading 2 Normal No Spacing Question 2 (20 marks) Internal control procedures were overlooked in several different situations. Required: Identify the internal control procedures that were overlooked in the following situations. If writing "other controls" is applicable, justify your position. 1. A charity golf tournament is held every year to raise funds. The charity raises over $ 15,000 a year. The organizer's 16-year-old son is hired to sell tickets, and he also handles the cash collected 2. Ice Cream Gallery deposited cash in the bank several times throughout the day. Ice Cream Gallery's supervisor wanted to decrease the time that the employees spent going to the bank to deposit the cash. Consequently, the supervisor began a new schedule, whereby the cash was kept at Ice Cream Gallery, and all of the cash was deposited only once a week, on Monday 3. During your audit of a business, you disclose that the same employee who ordered merchandise also approved the invoices for payment. 4. Fast Football Club's bookkeeper was elected for a fifth term to run all the financial matters of the club. Excellent internal controls were in place, since the president and secretary had signing authority 5. The local corner store had the same trusted employee serve as cashier for over 15 years. 6. At one department store, the manager was determined to cut down paperwork. The receiving department employee would no longer prepare a receiving report, which summarized the amounts of items received from the supplier. 7. Business was slow at the local theatre on Wednesday and Thursday nights. To slash costs, the proprietor decided not to use a ticket taker on those nights. The cashier who sold the tickets was told to hold onto the tickets, as those tickets represented the number of tickets sold. Foc > AD Normal ptable note No Spacing Aal Heading 1 Styles Pane Dictate A7-2 Assignment z Question 2 (20 marks) A. The missing internal control procedures are as follows: 1. 2 3 4 5. 6. 7