The treasurer conducts the final step for the receipt of cash by mail.This step includes comparing bank deposit amounts from the treasurer and the debit to Cash.

Question

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The final step for the receipt of cash by mail typically involves someone independent of the cash handling process, such as an internal auditor, comparing the bank deposit amounts from the treasurer and the debit to Cash to ensure accuracy and prevent embezzlement. The treasurer is involved in handling the cash but should not be the one to conduct the final verification step to maintain separation of duties.

The Treasurer Conducts the Final Step for the Receipt of Cash