As a new auditor for the CPA firm of Murphy, Mooney, and Feeney, you have been assigned to review the internal controls over mail cash receipts of Stillwater 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 receivable records. Mail receipts are deposited in the bank weekly by the cashier.

Instructions
Write a letter to Jack Meyer, owner of Stillwater Company, explaining the weaknesses in internal control and your recommendations for improving the system.