The following control procedures are used at Torres Company for over-the-counter cash receipts. (a) (b) 1. 2. For each procedure, explain the weakness in internal control, and identify the control principle that is violated. For each weakness, suggest a change in procedure that will result in good internal control. To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked briefcase in the stockroom until it is deposited in the bank. (a) (b) Weakness: Principle: Recommended Change: All over-the-counter receipts are processed by three clerks who use a cash register with a single cash drawer.

The following control procedures are used at Torres Company for over-the-counter cash receipts. (a) Foceach procedure, explain the weakrness in internal control, and identify the control principle that is violated (b) For each weakness, suggest a change in procedure that will result in good internat control. 1. To minimize the risk of robbery, cash in excess of $100 is stored in an unlocked briefcase in the stockroom untit it is deposited in the bank. (a) Weakness Principle (b) Recommended Change. 2. All oven the counter recelpts are processed by three derks who wse a canh register with a single cash drawer. 5. Cashiers are experienced; they are not bonded. (a) Weakness: Principle: (b) RecommendedChange. The company accountant makes the bank deposit and then records the day's receipts: (a) Weakness: Principle: (b) RecommendedChange: 4. At the end of each day, the total receipts are counted by the cashier on duty and reconciled to the cash register total. (a) Weakness: Principle: (b) Recommended Change: 2. All over-the-counter receipts are processed by three clerks who use a cash register with a single cash drawer. (a) Weakness: Principle: (b) Recommended Change