IC Deficiancies

See attached.

You must identify and describe the top 10 internal control deficiencies in the attached case.  In making your assessment of the top deficiencies, you need to consider the associated risks to meeting the objectives of the program (i.e., an effective system of internal control provides reasonable assurance that risk to objectives is at acceptable levels).  When you think about the internal controls, you should decide whether the controls are designed adequately to reduce risk or if the issue is the controls are not operating as intended.  In your discussion you must indicate the implication(s) of each control weakness and what COSO internal control principle(s) is applicable to each one.   Please rank the internal control deficiencies from 1 to 10.  The suggested length for this assignment is 2-3 pages.