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Identify the internal control principle that was violated in each of the following separate situations. Situations Principle Violated There is $500 in cash missing from

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Identify the internal control principle that was violated in each of the following separate situations. Situations Principle Violated There is $500 in cash missing from a cash register drawer. Three salesclerks shared the cash register drawer, so the owner cannot determine who is at fault. An employee stole thousands of dollars worth of equipment over many years. It took years for the company to discover the fraud because accounting records for equipment were rarely updated A disgruntled employee stole expensive equipment from a room they were unauthorized to enter. The room displayed a sign, "Authorized Employees Only," but did not include any physical locks or ID scanners to limit access Establish responsibilities Maintain adequate records Apply technological controls

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