I am working up a cash items audit and have the following question as part of the ICQ:

Are cash items held by only one teller or, if possible, by someone who does not handle cash as part of his duties?

Our policy states the following:
Cash items are forwarded to the employee who originally accepted the item. That person will be responsible for collection of the item.

What would be the best practice? To have the branch manager maintain the cash item?

If the physical items are scattered hither and yon how do you ever reconcile the account??

This is our policy on this:

Cash Items are to be held no longer than three days. Any item not collected within this time frame will be reported to the branch manager. If the branch does not receive the cash item by noon of the day it is entered into the Cash Item General Ledger Account, then the “three day” rule will be extended one banking day.

Our Ops Center reconciles the account daily.