Mike Smith is an accountant who prepares checks, records cash disbursements, and reconciles the monthly bank statements for Jordan Food Company. While reconciling the January bank statement, Smith noticed several large checks totaling $10,350 that were outstanding for over a year. Believing these checks will never be presented for payment, Smith prepared a check for $10,350 payable to himself, forged the treasurer's signature, and cashed the check. Smith made no entry in the accounting records for the check and attempted to conceal the theft by destroying the forged check and removing the outstanding checks from the subsequent bank reconciliation. Required: a. Identify the weaknesses in Jordan Food Company's internal control. b. Identify two audit procedures that might disclose the fraudulent disbursement