Subject Auditing

Select the WCGWs (what can go wrongs) to the appropriate preventative control. WCGW Preventative Control Independent check of agreement of validated deposit slip with daily cash summary Independent check of agreement of amounts journalized and posted with daily cash summary. Errors may be made in journalizing cash receipts. Cash may not be deposited intact daily. Some cash receipts may not be recorded. Cash receipts may be posted to the wrong customer account Mall receipts may be lost or misappropriated after receipt. 2. 3. Preparation of periodic independent bank reconciliations. 4 Immediate preparation of prelist of mail receipts. 5. Mailing of monthly statements to customers