Cash is the most liquid and one of the most important assets of any entity. You are required to conduct research by reviewing relevant academic and professional journals, lecture notes, or textbooks to discuss how internal (e.g., internal control including bank reconciliation, risk management, etc.) and external (e.g., ASX corporate governance principles and recommendations, independent audit, etc.) systems of corporate governance could help organizations to:

a) Protect cash from theft and misappropriation;

b) Ensure cash is accurately and reliability recorded.

You may relate the discussion to your chosen company (i.e., the company you choose in Question 1) or discuss in relation to all companies (entities) in general.

note, please reference all the academic resources you use.