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Internet Crime Com... YouTube craigslist minneapo... el EAD Login GlobalConnect B Buick/GMC Amazon.com: Onlin blems Saved 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. The same employee requests, records, and makes payment for purchases of Inventory. 2. The company saves money by having employees involved in operations perform the only review of Internal controls. 3. Time is saved by not updating records for use of supplies. 4. The recordkeeper is not allowed to write checks or initiate EFTs. 5. Each salesclerk is in charge of their own cash drawer. Weakness or Strength Internal Control Principle 1 2 3 4 5 Determine whether each procedure described below is an internal control strength violated or followed for each procedure. 1. The same employee requests, records, and makes payment for purchases of inve 2. The company saves money by having employees involved in operations performt 3. Time is saved by not updating records for use of supplies. 4. The recordkeeper is not allowed to write checks or initiate EFTs. 5. Each salesclerk is in charge of their own cash drawer. ed ok Weakness or Strength Internal Control Principle nt 1. ences 2. 3 4 5. Strength Weakness cks or initiate EFTs. esclerk is in charge of their own cash drawer. ess or Strength Internal Control Principle Apply technological controls Divide responsibility for related transactions Establish responsibilities Insure assets and bond key employees ngth Internal Control Principle Establish responsibilities Insure assets and bond key employees Maintain adequate records Perform regular and independent reviews Separate recordkeeping from custody of assets