Papasa Ba Ako Company is a small eleemosynary corporation with the following employees: a manager, an accountant, and two rank-and-file employees. Most of its financing comes from two mission drives. Donors make vows via phone. Most donors like to pay installments monthly by check but some pay using credit cards during telephone campaigns (in this case, vows are recorded during the campaign, and donors are mailed vow cards). Donors mail their payments directly to Papasa Ba Ako via check and sometimes cash. Also, donors, most of the time, return the vow cards with their check or cash payment. Papasa Ba Ako seldom has anonymous cash donors. Payments are processed as follows: One staff (rank-and-file) member who has been with Papasa Ba Ako for a very long time, opens all mail. Her job is to sorts the donations from, prepares a list of all payments with the name of the donor (indicated whether anonymous), how much is the donation, and if the vow card is returned, the number of the vow card. She then forwards the list, cash payments, and checks to the accountant. The accountant encodes the data from the list to the computer to update the Corporation's files. Then, the accountant prepares a deposit slip (2 copies) and deposits all cash and checks into the corporation's bank account at the end of each day. No funds are left on the company premises overnight. The validated deposit slip is then filed by date. The accountant also mails each donor an acknowledgment letter thanking them. On a monthly basis, the accountant retrieves all deposit slips to reconcile the corporation's bank statement. The accountant also reviews the vow files and follow-up to those people who have not yet paid their vows via letter. Each employee has a computer that is connected to an internal network. Employees are allowed to surf the internet during lunch break. All employees has full access privilege to the corporation's accounting system so that anyone can substitute another employee in case of absence. On Fridays, the accountant makes a backup of all files. The backup is stored in the manager's office. Requirements: 1. Identify the key weaknesses in Papasa Ba Ako's internal control. Once identified, give the possible consequences if not properly remedied. Lastly, suggest a proper control to remedy or replace existing ones. (10 points) 2. Using Flowchart, create the flowchart of Papasa Ba Ako's existing system. Then create another flowchart based on your suggestion on the first requirement. (10 points)