For each of the independent cases below, identify the principle of the internal control that is violated and recommend what should be done to remedy the violation. answer should be at least one paragraph.

1. gerald mcnichols, the owner of mcnichols company prides himself on hiring only the most competent employees. mcnichols believes that since these employees are highly competent and to show that he trusts them completely, he feels there is no need for anyone to check up on the employees performance.
2. service products is a small business with only 3 accounting employees. each employee is well trained and so can perform any of the accounting tasks, including handling cash receipts and cash disbursements, and preparing the bank reconcilation.