Classification Timing Requirement b. For each cash receipts transaction assertion, identify one or more existing controls. (Leave unused cells blank.) Assertion Audit Objective Control Occurrence Completeness Accuracy Accuracy (Posting and summarization) A/R clerk compares duplicate deposit slip from bank to sales and cash receipts journal. Cash collected on receivables is prelisted. Cash is deposited daily. Cash register is used for cash sales. Computer is used to update records. Monthly bank reconciliation is prepared. Monthly statements are sent to customers. None Supervisor deposits money in a locked box. Supervisor recaps cash sales and compares totals to the cash receipts tapes