Cash is the first asset on the Balance Sheet, the most liquid asset, and the most frequently misappropriated. Sometimes cash disappears improperly by design, but there are times when it can also disappear by error.

Consider the necessary controls over cash, the possible misappropriations, and possible mitigation techniques. I need a topic of three (3) internal controls over cash. For each control, you will need to present a) an example of how cash "disappears", b) a control that should be in place to protect against the activity, and c) a brief explanation of how the control protects the cash.