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1. In the following situations, identify the principle(s) of internal control that is violated and recommend what the business should do to ensure adherence to
1. In the following situations, identify the principle(s) of internal control that is violated and recommend what the business should do to ensure adherence to principles of internal controls. a) Jenny records all incoming customer cash receipts and posts the customer payments to their respective accounts. b) Ben gives his employees full discretion over their tasks and for years has seen no reason to perform independent review of their work. c) Mark Theater has a computerized order-taking system for its tickets. The system is active all week and backed up every Friday night. d) Ace Industries has two employees handling acquisitions of inventory. One employee places purchase orders and pays vendors. The second employee receives the merchandise. 2) Give an example of internal controls in every day life (example: house locks)
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