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QUESTION 5 (10 marks) Following are two separate cases involving internal control issues. (i) Samson Company keeps very poor records of its equipment. Also, no

QUESTION 5 (10 marks) Following are two separate cases involving internal control issues. (i) Samson Company keeps very poor records of its equipment. Also, no checking is done on the accuracy of the records of its equipment. (ii) To ensure the company Christmas Dinner would not be cut, the manager of Super Company decided to save money by canceling the audit of internal controls. Required: a. For each case, identify the principle(s) of internal control that is violated. (4 marks) b. Recommend what should be done to adhere to principles of internal control in each case. (6 marks)

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