Z . CM Assignment 4 This assignment is out of 58 marks and is weighted as 5% in your final grade. Question 1 1. Cashiers are experienced, so they are not bonded. 2. The receptionist records all incoming customer cash receipts for her employer and writes up the daily deposit slip to be taken to the bank by her employer. 3. To minimize risk of robbery, when there is more than $100 in cash it is stored in an unlocked desk drawer in a back room until it is deposited in the bank. 4. At the end of each day, the total receipts are counted by the cashier on duty and reconciled to the cash register total, there is no supervisor present at the time of counting or reconciliation. 5. The company accountant makes the bank deposit and then records the day's receipts. 6. If a customer has exact change and does not want a receipt, the sale is not rung through the cash register. Required For Each Procedure: 1. State the weakness. 2. State the Control Activity that is violated. 3. Make a recommendation to correct the weakness. (short one sentence answer required for part 1 and 2 and 3)