Question: Indicate which statements are true and which are false. 1. Separation of recordkeeping for assets from the custody over assets helps reduce fraud. Separating the

 Indicate which statements are true and which are false. 1. Separation

Indicate which statements are true and which are false. 1. Separation of recordkeeping for assets from the custody over assets helps reduce fraud. 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 Separating the responsibility for a transaction between two or more individuals or departments never improves a system of internal control 4. The internal control of separation duties requires that employees duplicate each other's work

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