Question 1 The smallest branch of Bare Beauty Cosmetics in Kingston employs Mary Cooper as a branch manager and Janet Hendricks as a sales assistant. The branch uses a bank account in Kingston to pay expenses. This account is kept in the name of 'Bare Beauty Cosmetics." To pay expenses, cheques must be signed by Mary Cooper or by the treasurer of Bare Beauty Cosmetics, John Wilkins. Cooper receives the cancelled cheques and bank statements. She reconciles the branch account herself and files cancelled cheques and bank statements in her records. Whenever she gets the time, reports of cash disbursements are prepared and sent to the head office in Montego Bay. A. B. C. Outline FOUR (4) deficiencies in the internal controls at Bare Beauty Cosmetics. For each deficiency, state the type of misstatement that is likely to result, and how the deficiency can be overcome. Explain the FIVE (5) types of control activities, and for EACH control activity, provide ONE (1) specific illustration of a control for cash and bank transactions that Bare Beauty Cosmetics could employ.