Question: Indicate which statements are true and which are false. The internal control of separation of duties requires that employees duplicate each other's work. Separation of
Indicate which statements are true and which are false.
The internal control of separation of duties requires that employees duplicate each other's work.
Separation of recordkeeping for assets from the custody over assets helps reduce fraud.
Establishing responsibilities helps determine who is at fault for errors or fraud.
One objective of internal control procedures is to safeguard the assets of the business.
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