$$The Chief Accountant of a large company has the privilege to use his company$$s credit card $($V$.$ Card$).$ He uses it for customers check, and an online payment for purchases and services received. He managed to embezzle $$15$ million in less than $4$ years. The Chief Accountant arranged hotel and airline reservations and coordinated activities for the sales team. He was also responsible for receiving and reviewing the corporate credit card bills and authorizing payment to vendors. He had the authority to approve amounts up to $$100,000.$ When the Chief Accountant realized that no one ever cared to look at the charges on the corporate credit card bill, he began embezzling money and making personal purchases with the company$$s credit card.$$

Required:

How can organizations encourage their employees to act ethically and responsibly? $(8\%)$

Assume that you are an external auditor for this organization, identify any weaknesses in the existing internal control. $(12\%)$

Recommend some improvement for each of the weaknesses you identify. $($