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PART A Analyse the following business scenario and indicate the Internal control principles violation with possible risks that might occur in each of the given

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PART A Analyse the following business scenario and indicate the Internal control principles violation with possible risks that might occur in each of the given case. Case 1: Mr. William the owner of the bakery shop assigns his worker Nancy, to monitor the bakery shop by handling the casher job. Nancy have to ensure the cash register with total collection cash each day is telly. Before she goes home, she need to deposit the sales cash money into business bank account and return the bank deposit slip to Mr. William on the next working day. Internal control violation: Possible risks: Case 2: Care4u Insurance group is one of the insurance group in one of the leading Insurance company. This group is head by the leader of Mr. Silva. He has 5 members of insurance sales person that work on contract basis. Although the group has continuously success in meeting their team goal, however, the employments status of the workers is not guaranteed with permanent term of contract. The leader only rewarding the workers based on theirs' achievement. Internal control violation: Possible risks: (6 marks)

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