Question

lander company manufactures a popular line of work clothes. lander employs 125 workers and keeps time sheets that show how many hours the employees work each week. on friday the shop foreman collects the time sheets, checks them for accuracy, and delivers them to the payroll department so it can prepare paychecks. the treasurer signs the paychecks and returns them to the payroll department for distribution to the employees. requirement 1. identify the main internal control weakness in this situation, state how the weakness can hurt lander, and propose a way to correct the weakness. the main internal control weakness is that with both duties, a dishonest

Explanation:

The main internal control weakness is the lack of separation of duties. The shop foreman is responsible for both collecting and checking the time - sheets (authorization) and delivering them to the payroll department (custody). This violates the principle of separation of duties.
If the shop foreman is dishonest, they could manipulate the time - sheets (e.g., overstate hours worked for themselves or collude with employees). This would lead to over - payment of wages, increasing Lander's labor costs unjustly.
To correct this, the shop foreman should only be responsible for collecting the time - sheets. A different person (e.g., an independent supervisor) should be assigned the task of checking the time - sheets for accuracy.

Answer:

The main internal control weakness is the lack of separation of duties (authorization and custody). It can hurt Lander by potentially causing over - payment of wages. The correction is to assign the task of checking time - sheets to an independent person.