Assigned to review internal controls over mail cash reciepts

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Reference no: EM131247503

As a new auditor for the CPA firm of Croix, Marais, and Kale , you have been assigned to review the internal controls over the mail cash reciepts of Manhattan Company. Your review reveals the following: Checks are promptly endorsed "For Deposit Only", but no list of the checks is prepared by the person opening the mail. The mail is opened either by the cashier or by the employee who maintains the accounts recievables records. Mail receipts are deposited in the bank weekly by the cashier. The assignment is for You are to write a letter to Jerry Mays, owner of the Manhattan Comapny, explaining the weaknesses in the internal control and your recommendations for improving the system.

Reference no: EM131247503

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Assigned to review internal controls over mail cash reciepts : As a new auditor for the CPA firm of Croix, Marais, and Kale , you have been assigned to review the internal controls over the mail cash reciepts of Manhattan Company. The assignment is for You are to write a letter to Jerry Mays, owner of the Manhat..

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