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
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.
The primary objective of internal control procedures is to safeguard the
business against theft from government agencies.
Separation of record keeping for assets from the custody over assets s
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