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(TCOs A and E) Your friend, Lisa, has hired you to evaluate the following internal...

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Accounting

(TCOs A and E) Your friend, Lisa, has hired you to evaluate the following internal control procedures. Explain to your friend whether each of the numbered items below is an internal control strength or weakness. You must also state which internal control procedure relates to each of the internal controls For the weaknesses, you also need to state a recommendation for improvement. (1) Paychecks are left on the desk for pick-up. (2) Supervisors count cash receipts daily. (3) Invoices are pre-numbered. (4) Bonding of the cashiers is required. (5) The accountant purchases and pays for supplies

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