Question: Which of the following controls most likely would reduce the risk of diversion of customer receipts by an entitys employees? a. A bank lockbox system.

Which of the following controls most likely would reduce the risk of diversion of customer receipts by an entity’s employees?

a. A bank lockbox system.

b. Prenumbered remittance advices.

c. Monthly bank reconciliations.

d. Daily deposit of cash receipts.

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