Propose a solution to each internal control problem

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Reference no: EM133190208

Question - Discount stores such as Dollar Mart make most of their sales for cash, with the remainder in debit card and credit card sales. To reduce expenses, one store manager ceases purchasing fidelity bonds on the cashiers.

Required -

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

2. Identify the potential problem that could be caused by each control weakness.

3. Propose a solution to each internal control problem.

Reference no: EM133190208

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