Required: 1. For each statement la identity the internal control principle being applied a After a contract signed with customer, the sales manager prepares a prerumbered purchase requisition form that indicates the materials needed for the work at the repairs Establish responsibil Based on the purchase maltion for Deutscrew manager prepares and sends a prenumbered purchase order to suppliers of materials, advising them of the specific materials needed and the repair site to Document procedures which they should be delivered The material manager is the only play buttoned to order good Segregato duties Upening in the accountant compared to terms indicated on the purchase ordning independently verty particular the nices charged and cons ordered these documents are in agrement, the accountant prepares aprenumbered check stamps the paid and prepares a journal entry to record the payment The journal en plantion on the sequential Segregate duties/Restricco nabor on the purchase order MRC ne prepares a more recommande che returned with the banks to arty bound to valid suppliers Document procedures 3. Arveral months. HRC scrow manager is rested for having 520.000 of stered to his home but charged to the company. Identify the incontro weakness that allowed this the tout F F F3 FS FO 2 F10 FM 2 %23 @ 2 A $ 4 % 5 & 7 6 B 9 Q W E R T Y o A S D F N X CV B IN M 3. After several months, HRC's materials/crew manager is arrested for having $20,000 of materials delivered to his home but charged to the company. Identify the Internal control weakness that allowed this theft to occur. Purchase orders were not prepared on the basis of prenumbered requisition forms. There was no way to independently verify that amounts charged by suppliers were for goods that had been delivered to authorized work sitos The materials/crew manager's order should have been verified by the department head A copy of the purchase order was not sent to the repair site. ered purchase requisition form Establish responsibility sends a prenumbered eded and the repair site to Document procedures Establish responsibility on the purchase order, noting in Independently verify ck, stamps the invoice "paid," Segregate duties eferences the sequential Segregate duties / Document.locedures with the bank statement to Document procedures ving $20,000 of materials delivered to his home but charged stheft to occur. requisition forms. by suppliers were for goods that had been delivered to the department head. of 8 Next > pplied. ed purchase requisition form Establish responsibility ends a prenumbered ded and the repair site to n the purchase order, noting in Establish responsibility Independently verify Segregate duties Segregate duties / Document procedures Segregate duties / Restrict acess Ek stamps the invoice "paid, eferences the sequential with the bank statement to Document procedures ving $20,000 of materials delivered to his home but charged s theft to occur. d requisition forms. by suppliers were for goods that had been delivered to by the department head. 4 of 8 Next >