(L. OBJ. 3, 5, 7, 8) Correcting internal control weakness [10—20 min] Each of the follo...

(L. OBJ. 3, 5, 7, 8) Correcting internal control weakness [10—20 min]

Each of the following situations has an internal control weakness.

Requirements

1. Identify the missing internal control characteristics in each situation.

2. Identify the possible problem caused by each control weakness.

3. Propose a solution to each internal control problem.