Refer to Exhibit 10.6. Which of the following represents a monitoring control in the audit program for cash receipts and cash management controls?
a. Reconciliations of reported cash receipts with remittances prepared by independent parties.
b. Daily review of cash budgets and comparison of them with actual cash balances.
c. Reviews of discrepancies in cash balances.
d. Weekly reporting of customer complaints regarding posting of cash balances and prompt investigation to follow up on cause of complaints.
e. All of the above.
Answer: E
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