The Cuts-n-Curves Athletic Club is a statewide chain of full-service fitness clubs. The club is open seven days a week, from 6am to 10pm. Just inside the front doors is a reception desk where an employee greets patrons. Members must present their membership card to be scanned and visitors pay a exist16 daily fee. When the employee at the desk collects cash for the daily fees, he or she also has the visitor complete a waiver form. The employee then deposits the cash in a locked box and files the forms. At the end of each day, the club accountant collects the cash box, opens il, and counts the cash. The accountant then gives a receipt for the cash amount of the employee at the front desk. The accountant takes the cash to the bank each evening. The next morning, the accountant makes an entry in the cash receipts journal for the amount indicated on the bank deposit slip. Susan Richmond, The General Manager of the club, has some concerns about internal controls over cash. She has asked you, the outside auditor lo provide an assessment. Write a brief memo that addresses the current state of the process and suggestions for improvement. This should be approximately 1/2 - 1page in length