All cash is deposited intact, in the bank account daily.

Blank cheques are stored in a safe in the controller's office.

All cashiers are bonded.

All over$-$the$-$counter receipts are recorded on cash registers.

All payments, except for petty cash transactions, are made by cheque.

Documentation Procedures Establishment of Responsibility Human Resource Controls Independent Checks of Performance Physical and IT Controls Segregation of Duties

Cheque signers are not allowed to record cash payment transactions.

Company cheques are pre$-$numbered.

Daily cash counts are made by cashier department supervisors.

Only cashiers may operate cash registers.

Only the controller or assistant controller may sign cheques.

The bank statement is reconciled monthly by an internal auditor.

The duties of receiving cash, recording cash, and maintaining custody of cash are assigned to different individuals.