quot;Fleet’s is a retail store with several departments. Its internal control procedures for cash and purchases are as follows: Cash sales.

“Fleet’s is a retail store with several departments. Its internal control procedures for cash and purchases are as follows: Cash sales. The sales clerk is each department rings up every cash sale on the department’s cash register. The cash register produces a sales slip, which the clerk gives to the customer along with the merchandise. A continuous tape locked inside the cash register makes a carbon copy of the sales ticket. At the end of each day, the sales clerk presses a “total “key on the register and it prints the total sales for the day on continuous tape. The sales clerk then unlocks the tape, reads the total figure, and makes entry in the accounting records for the day’s sales. Next, she counts the cash in the drawer, places $100 change fund back in the drawer, and gives the cash receipt to the cashier. Finally, she files the cash register tape and is ready for the next day’s business. Purchases. At the request of the various department heads, the purchasing agent orders all goods. When the goods arrive, the receiving clerk keeps on copy; the other two copies go to the purchasing agent and the department head. Invoices are forwarded immediately to the account department to ensure payment before the discount period elapses. After payment, the invoices is forwarded to the purchasing agent for comparison with the purchase order, and the receiving report and is returned to the accounting office for filing, 1.Identify the significant internal control weakness in each of the above situations. 2.In each case identified in requirement 1 , recommended changes that would improve the system.