Indicate which statements are true and which are false. 1. The primary objective of internal control procedures is to safeguard the business against theft from government agencies Separating the responsibility for a transaction between two or more individuals or departments will not help prevent someone from creating a fictitious invoice and paying the money to themself. Separation of recordkeeping for assets from the custody over assets does not prevent collusion between two or more employees to commit fraud. 4. Establishing responsibilities helps determine who is at fault for errors or fraud