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Your client receives large volume of its customer cash

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Reference no: EM13388067

You are an auditor on an engagement testing controls over cash receipts. Your client receives a large volume of its customer cash remittances by mail. The accountants who record cash receipts are also receiving and handling the cash. Implementing what procedure/process would reduce the risk of employee misappropriation of cash?

Select one:

a. Employee fidelity bonds.

b. Independently prepared mailroom prelists.

c. Daily check summaries.

d. A bank lockbox system.

Reference no: EM13388067

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