Bridget Harrard has prepared the following statements about internal control.
1. One of the objectives of internal control is to safeguard assets from employee theft, robbery, and unauthorized use.
2. One of the objectives of internal control is to enhance the accuracy and reliability of the accounting records.
3. The three components of the fraud triangle are opportunity, financial pressure, and fear. Identify each statement as true or false. If false, indicate how to correct the statement.