Internal control violation: Carla Farah's manager has told her to reduce costs, Carla decides to raise the deductible on the plant's property insurance from $5.000 to $10 000. This cuts the property insurance premium in half in a related move, she decides that bonding the plant's employees is a waste of money since the company has not experienced any losses due to employee theft. Carla saves the entire amount of the bonding insurance premium by dropping the bonding insurance. Which of the following internal control is violated in this case? Establish responsibility Separation Duties Technological controls. Independent review. Insuring of assets and the bonding of key employees. Which of the following is a purpose of an internal control system? Protect assets Ensure reliable accounting Promote efficient operations Urge adherence to company policies All of the above Internal controls violation: Chi Han records all incoming customer cash receipts for her employer and posts the customer payments to their respective accounts. Which of the following internal control is violated in this case? Establish responsibility Separation of duties Technological controls. Independent review. Insuring of assets and the bonding of key employees. An analysis that explains any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement is a (n): audit Bank Reconciliation Bank Audit Trial Reconciliation Analysis of debits and credits Where would the following item be placed on the bank reconciliation for June 30? Principal and interest on note receivable to this company is collected by the bank but not recorded by the company. Added to BANK balance Deducted from BANK balance Added to BOOK balance Deducted from BOOK balance Not Shown on Reconciliation