What controls will address the risk of mail receipts being lost or misappropriated after receipt?
A)Immediate preparation of prelist of mail receipts
B)Restrictive endorsement of checks immediately upon receipt
C)Preparation of periodic independent bank reconciliations
D)Independent check of agreement of remittance advices with prelisting of cash received

Question

Quizplus · Accepted Answer

The Answer of What controls will address the risk of mail receipts being lost or misappropriated after receipt?
A)Immediate preparation of prelist of mail receipts
B)Restrictive endorsement of checks immediately upon receipt
C)Preparation of periodic independent bank reconciliations
D)Independent check of agreement of remittance advices with prelisting of cash received

What Controls Will Address the Risk of Mail Receipts Being