You are an auditor on an engagement testing controls over cash receipts. Your client receives a large volume of its customer cash remittances by mail. The accountants who record cash receipts are also receiving and handling the cash. Implementing what procedure/process would reduce the risk of employee misappropriation of cash?
Select one:
a. Employee fidelity bonds.
b. Independently prepared mailroom prelists.
c. Daily check summaries.
d. A bank lockbox system.