Answer Happy

For the given scenario, identify the weakness or weaknesses in
internal control, and opposite the identified weakness or
weaknesses, enumerate the control procedure/s that you will
recommend to avoid or mitigate the risk of loss:
A small branch of Avon Cosmetics in Alicia, Isabela employs
Amelia Rodriguez as Branch Manager and Mary Gonzales as her sales
assistant. The Branch uses a bank account in Alicia, Isabela to pay
for expenses in the name of Avon Cosmetics - Special Account. To
pay expenses, checks must be signed by Amelia Rodriguez or John
Dee, the treasurer of Avon Cosmetics. Amelia receives the canceled
checks and bank statements. she reconciles the branch account
herself and files canceled checks and bank statements in her
records. She also periodically prepares reports of cash
disbursements and sends them to thehome office in Makati.