21 Test of Controls - Cash Documentation Reference Performed by 1. Inquire of management concerning employees who a. Receive remittances from customers. b. Record payments in accounts payable. c. Prepare and deliver payments to the bank. 2. Observe the opening of the mail and ensure that a. Two employees are opening the mail b. Checks are restrictively endorsed.(se pprele c. A listing of all checks is being preparedSyma 3. Observe the flow of checks and remittance advices and ensure that a. Checks are delivered directly to the cashier. b. Remittance advices are delivered to the accounting department. and bank deposits. a. Initials of proper review 4. Review reconciliations of cash listings, accounts receivable payments 5. Review reconciliations of bank statements for b. Investigation of all outstanding items reviewed for propriety. 21 Test of Controls - Cash Documentation Reference Performed by 1. Inquire of management concerning employees who a. Receive remittances from customers. b. Record payments in accounts payable. c. Prepare and deliver payments to the bank. 2. Observe the opening of the mail and ensure that a. Two employees are opening the mail b. Checks are restrictively endorsed.(se pprele c. A listing of all checks is being preparedSyma 3. Observe the flow of checks and remittance advices and ensure that a. Checks are delivered directly to the cashier. b. Remittance advices are delivered to the accounting department. and bank deposits. a. Initials of proper review 4. Review reconciliations of cash listings, accounts receivable payments 5. Review reconciliations of bank statements for b. Investigation of all outstanding items reviewed for propriety