To minimize the risk of theft in the revenue cycle, companies should implement proper segregation of duties between the recording function, custody function, and authorization function.

The person who receives customer payments is performing the custody function and should be prohibited from also performing which of the following duties? Select all that apply.

		Answering customer inquiries about outstanding balances.
		Posting adjustments to accounts receivable.
		Authorizing credit memos.
		Reconciling bank statements.