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

Question

Utilisateur supprimé · Answer

Background

Accountability

Separation of duties

Asset Security

Reconciliation

Soliman Abd ALmalak Gendy · Answer

: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 
*

Nazmul Islam CMA · Answer

Five key aims are as follows

To establish cash management accurately.
To deter misappropriation.
To have accurate cash balance.
To account for cash transactions accurately.
To reduce cash handling risk.

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

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