re-write this by your own words please.

Customer don't sign their coupons unless they are checking for a sitting. Photography can send coupons to customers that are non current. No independent audit report mentioned by the bank. Cash receipt and posting to financial statements are done by one person. No periodic statements. Steep incentive levels that attract unwanted behaviors. No checking of customer credit. No verification of customer address and phone numbers. No internal controls that prevent the management from defrauding the owners. Lack of verification if all customers are current before any sitting. Coupons are given to customers at their initial purchase