Scenario Your intern sponsor at Pima Medical Center informs you that the CFO was impressed by the work that you did in the file room a couple of weeks ago. The CFO understands that you have knowledge of internal controls and specifically, the Fraud Triangle, and thinks it would be good experience for you to examine two of the better-run departments so you can see \"how things should be done.\" She assigns you contacts in the Purchasing and Cashiering departments. Purchasing Department Your contact in the Purchasing department is Purchasing Assistant Robert Cheatum. Robert has worked in the Purchasing department for over five years and is a dedicated employee; in fact, you learn that he has not taken a vacation in oyer two years. After seyeral days of studying purchase orders and sales inyoices, you notice that three yendors have identical addresses. After further examination, you notice that the documents only have one of the two required signatures for purchases from those accounts. While you are waiting to ask Robert about your discoveries, you notice through his ofce window a very nice Bose stereo systemthe same system you want but will only be able to afford after you graduate and start working. When you speak to Robert, he suggests that the two of you go out for lunch. As you travel to the restaurant in Robert's late-model BMW, he tells you that his wife was laid off over two years ago and has not been able to find a job and all her unemployment benefits and severance have run out. At lunch, you ask Robert about the identical addresses. He says he will have to look into it, but sometimes things get busy and he just duplicates addresses to save time. After all, he has many responsibilities, including approving purchase orders, signing off on receipts, and approving invoices to send to accounts payable for payment. Cashien'ng Department Next, you are introduced to Mary Howe, the cashier for the hospital. Mary has been working at the company for a little over five years, and she had neither applied for a vacation nor taken any days off in the last three years. You think to yourself, \"Doesn't anyone in this place ever take a day off?\" Mary is responsible for cash receipts and some disbursements. She also collects the cash from the cash register, counts it and matches it with cash register receipts, makes a record of daily receipts, and then puts the money in the safe. In addition, she performs the bank reconciliation for the hospital's depository cash account. Research After your overview of both departments, you return to your accounting textbook and reread the chapter on internal controls (Chapter 8Cash, Fraud, and Internal Controls). In addition, you review this Fraud Awareness Part 2: Red Flags video: https:tfyoutu.betCi2TDSx1TKY Report Your intern sponsor asks you to write a report to the CFO that evaluates the Purchasing and Cashiering departments from the perspective of internal controls and the Fraud Triangle. The report should be 2-5 pages double spaced (SUD-1,200 words) and should be structured as follows: A. Background: Talk about the purpose and reasoning behind implementing internal controls. 1. Purpose of internal controls 2. Principles of intemal controls 3. Limitations of internal controls 4. Fraud Triangle B. Assessment of the Purchasing department's intemal controls: How do the items in section A relate to the Purchasing department? C. Assessment of the Cashiering department's internal controls: How do the items in section A relate to the Cashiering department? D. Based on the scenario provided and what you have learned and observed, address the following: 1. Was the CFO correct when she stated that Purchasing and Cashiering are good examples of well-run departments? Are they examples of departments with appropriate internal controls? Why or why not? 2. What stands out as being potential problems or \"red flags\" in these departments? Why? 3. What changes would you recommend making in these departments? Be sure to talk about specific internal controls