R2 17 her Resources ting acks ing of inting stems Special diary Ledgers stems ing the Preparing ments ing Accounting pleting the de nting for Retail Question 13 Not yet an Marked out c 1000 question As an internal auditor you have identified 5 areas of concem. You need to prepare a report for management which addresses the Internal Control characteristic each situation contravenes (5 mark each) how each situation could be taken advantage of and/or impact the business (5 mark each)! suggest a procedure to rectify the flaw in each process (1 mark each) 1. The person issuing pre-numbered receipts to clients also prepares the bank deposit 2. The office junior fills in for the Assistant Accountant despite having no accounting experience 3. Petty cash is kept in the stationery cupboard so it is easily accessible 4. A cashier allows another employee work his assigned register while he helps a customer 5. Purchase orders are not pre-numbered SUPPO