Identify and explain which internal control principles enjoy be violated surrounded by this valise.?

A sale branch of SOuth Pacific Manufacturing Company have an bureau consisting of the following human resources; branch executive, Nice Mauri, and two assistant, Isa Lei and Peter Wong. The branch have a local hill report within which it deposits bread receipts. Cheques drawn on the dune sketch require Nice's signature or the signature of R C Kisun, treasurer of the company. Bank statements and salaried cheques are returned by the guard to Nice, who retains them in his files after preparing the monthly guard reconcilaition. Reports of disbursements are also prepared by Nice and submitted to Kisun at the home organization on planned date.

Answers:
1. Cheques should be signed by at lowest 2 officer to prevent fraud and defalcations. Single cheques signatories should other be discouraged.
2. A human being should not be allowed to check his own work. If Nice signs cheques, he should not be doing the hill rec. The work perform by one worker should be checked by another.
3. For alike object, the guard rec prepared by Nice should be checked by someone instead of person file away by Nice, the preparer.

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