Very Important note: the solution must be in a paragraph way.

9. Each Friday, approved supplier invoices that are due within the next week are routed to the treasurer's department for payment. The cashier and treasurer are the only employees authorized to disburse funds, either by EFT or by printing a check. Checks are printed on dedicated printer located in the treasurer's department, using special stock paper that is stored in a locked cabinet acessible only to the treasurer and cashicr. The paper checks are sent to accounts payable to be mailed to suppliers. 10. Monthly, the treasurer reconciles the bank statements and investigates any diserepancies with recorded cash balances. Required: Identify weaknesses in Company's existing expenditure cycle procedures, explain the resulting problems, and suggest as solution