1. Identify all the major internal control weaknesses in English Imports' system and how the resulting action could hurt English Imports. Also state how to correct each weakness E4-47A. (Learning Objectives 2, 4: Explain the components of internal control; evaluate internal controls) Each of the following situations reveals an internal control weakness: a. In evaluating the internal control over cash payments of J. Harley Manufacturing, an auditor leams that the purchasing agent is responsible for purchasing diamonds for use in the company's manufacturing process, approving the invoices for payment, and signing the checks. No supervisor reviews the purchasing agent's work. b. Raylene Lloyd owns an architectural firm. Lloyd's staff consists of 16 professional architects, and Lloyd manages the office. Often, Lloyd's work requires her to travel to meet with clients. During the past six months, Lloyd has observed that when she returns from a business trip, the architecture jobs in the office have not progressed satisfactorily. Lloyd learns that when she is away, two of her senior architects take over office management and neglect their normal duties. One employee could manage the office. C. Douglas Snell has been an employee of the city of Marion for many years. Because the city is small, Snell performs all accounting duties, in addition to opening the mail, preparing the bank deposit, and preparing the bank reconciliation Requirements . Identify the missing internal control characteristic in each situation. 2. Identify each firm's possible problem 3. Propose a solution to the