You have completed your audit of Tinga Tinga Ltd. You have issued a management letter to the Chief Accountant which identifies weaknesses in the controls over sales. Cash is received over the counter, from salesmen and also through the post. Tinga Tinga Ltd‘s Chief Accountant has asked you for recommendations as to the type of controls you would wish to see in operation in a sales system.Required:Outline the controls you would expect to find in Tinga Tinga Ltd‘s sales system with regardto: Cash receipts by post

Cash receipts by post
- The mail should be opened by at least two persons;
- The persons involved in the mail opening should be responsible trust worthy people;
- A listing of all cash received should be prepared and the cheques crossed ‗payee only‘;
- The cash received should be safely kept in a safe and should be banked intact on a daily basis;
- A daily cash received report should be prepared and reviewed by a senior official

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