Answer Happy

The following are deficiencies in internal controls over
cash.
For each deficiency:
1. Please explain what applicable audit procedure(s) should be
conducted to identify whether any material misstatements exist
2. Explain why the auditor should think this procedure is best
for this situation.
3. Please consider each deficiency independently of the
others. While each deficiency presents potential issues, identify
two that stand out as the worse with the audtor's professional
knowledge. Explain rationale.
4. How should the auditor implement a change to improve
those deficiencies?
Please explain it briefly with clear formatting such
as:
a: Alicia prepares the deposit and opens
the mail when the cashier isn't available.
1.
2.
3.
4.