Question: Indicate which statements are true and which are false . 1 . Internal control procedures should be designed to protect assets from waste and theft

Indicate which statements are true and which are false.1. Internal control procedures should be designed to protect assets from waste and theft2. One objective of internal control procedures is to safeguard the assets of the business.3. Separating the responsibility for a transaction between two or more individuals or departments never improves a system of internal control.4. Hiring auditors to review internal controls increases risk of theft.

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