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Internal Controls: Evaluating Internal Control Strengths and Weaknesses in Cash Receipts and Disbursements. The following...

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Internal Controls: Evaluating Internal Control Strengths and Weaknesses in Cash Receipts and Disbursements. The following procedures are used by The Taco Shop m a cashregister and a receipt is issued upon request by the customer. At the end of each day, the cashier counts the cash, prepares a cash count sheet, and has the manager count the cash and review and sign the cash count sheet. At three times during the day, excess cash is removed from the cash registers and placed in a vault until it is taken for night deposit at the local bank. Orders for drink cups, straws, condiments, and other supplies are written on pre-numbered purchase order forms and are approved by the manager before being sent to an authorized supplier When supplies are received, they are stacked just inside the back door to the kitchen, which is left unlocked because part-time employees frequently arrive and leave at various times during the day b) c) d) e) Required: 1 2. Indicate whether each procedure represents a strength or weakness. Explain your reasons. For each weakness, describe a change in procedures that would address the weakness

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