Problem 7-4 "The Burt Associates hired a new comptroller on Jan. 2. This comptroller believed in a basse faire form of management and decided to relax the financial procedures and simply expect the financial employees to be trustworthy professionals. He decided to have the cashier make biweekly deposits of cash receipts and maintain adequate records of all receipts and deposits. The cashier is expected to give the records the accountant once a month in time for month in processing. List the violations to good internal control procedures for cash. Tell how each violation could possibly cause a gigantic