As a new auditor for the CPA firm of Good and Rich, you have been assigned to review the internal controls over mail cash receipts of Lyman Company. Your review reveals that checks are promptly endorsed For Deposit only but no list of the checks is prepared by the person opening the mails. 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.

Write a letter to D.A Flynn, owner of the Lyman Corporation, explaining the weaknesses in internal control and your recommendations for improving the system.

please respons from your owns worsd not from google