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Determine whether each procedure described below is an internal control strength or weakness, then identify the internal control violated or followed for each procedure 1.

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Determine whether each procedure described below is an internal control strength or weakness, then identify the internal control violated or followed for each procedure 1. Several salesclerks share the same cash drawer. 2. The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees 3. Employees that handle easily transferable assets such as cash are bonded 4. The recordkeeper is not allowed to write checks or initiate EFTs. 5. The company saves money by having employees involved in operations perform the only review of internal controls. Wenkness or Strength Internal Control Principle 1 2 3 4 5

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