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Below are 5 independent scenarios with internal control violations. 1. So that salespeople can have easy access to IPad's used on the sales floor, the

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Below are 5 independent scenarios with internal control violations. 1. So that salespeople can have easy access to IPad's used on the sales floor, the company keeps IPad's in unlocked cabinets in multiple locations. 2. Two cashiers collect all cash received from customers using the same cash register. They each log in to the register each time they ring up a sale. 3. The IT department requires employees to change their log-in password every 30 days. People have complained about the frequency so the IT manager encourages employees to write their new password on a post-it note or keep track in their personal cell phones. 4. These are challenging times. The manager does not want to cancel the Christmas party due to the slow economy, so he cancelled the annual year-end external audit. 5. The company shreds all accounting records at the end of the year. The accounting manager says all the paper takes up too much space. Part 1: Name the internal control principle being violated in each of the scenarios above. A principle can only be used ONCE! Be certain to label your answers 1-4! 10 points Part 2: Select one violation and explain the three aspects of the fraud triangle as it relates to the triangle. Use examples based on your chosen violation. 9 points

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