Indicate which statements are true and which are false. Identify the fraud triangle risk factor in each situation

Indicate which statements are true and which are false. 1 Separating the responsibility for a transaction beWeen two or more individuals or departments never improves a system of intemal control 2. Establishing responsibilities helps determine who is at fault for errors or fraud 3. Hiring auditors to review internal controls increases risk of theft 4. The intemal control of separation of duties requires that employees duplicate each other's work. False True