Only options are true and false : Indicate whether the statement is true or false. Internal control procedures should be designed to protect assets from
Only options are true and false : Indicate whether the statement is true or false.
Internal control procedures should be designed to protect assets from waste
Choose.
and theft.
Separating the responsibility for a transaction between two or more individuals
or departments will not prevent someone from creating a fictitious
invoice and paying the money to himself.
Choose. +
The primary objective of internal control procedures is to safeguard the
Choose.
business against theft from government agencies.
Separation of record keeping for assets from the custody over assets s
Choose.
reduce fraud.
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