Che Identify the internal control principle that was violated in each of the following separate situations Principle Violated - Situations As a result of significant internal control weaknesses, the company lost millions and was forced to a dose. Two years prior, the company stopped paying for regular audits of internal control to save for renovations of executive offices The recordkeeper left town after the owner discovered a large sum of money had disappeared An b audit found that the recordkeeper had written and signed several checks made payable to his fiance and recorded the checks as salaries expense An employee was put in charge of handling cash That employee later stole cash from the business The company incurred an uninsured loss of $184,000 Perform regular and independent reviews Separate recordkeeping from custody of assets Insure assets and bond key employees