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a. Identify the internal control weaknesses in the following internal control practices, and suggest corrective action: i.) While reviewing the records of Discount Pharmacy, you
a. Identify the internal control weaknesses in the following internal control practices, and suggest corrective action:
i.) While reviewing the records of Discount Pharmacy, you find the same employee orders goods and approves invoices for payment. [3 marks]
ii.) The finance manager who signs cheques does not examine the document set because the accounting department has matched the invoice with other supporting documents. [3 marks]
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