List the five key aims of controls in the cash system?

Background

Accountability

Separation of duties

Asset Security

Reconciliation

:They're *Separation of duties:to separate cash handling duties among different employees *Securing of assets *Reduce cash handling risk *Accountability, authorization and approval *Review and reconciliation :to confirm that we have recorded transcations correctly *

Five key aims are as follows

1. To establish cash management accurately.
2. To deter misappropriation.
3. To have accurate cash balance.
4. To account for cash transactions accurately.
5. To reduce cash handling risk.