Separating the custody of assets from accounting implies that the accountants must not handle cash and the cashier must not have access to the accounting records.

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Separating custody of assets from accounting is a fundamental principle of internal control. It means that the person responsible for handling cash, such as a cashier, should not also be responsible for keeping records of that cash. Similarly, accountants who maintain the records should not have access to physical assets or cash. This helps to prevent fraud, errors, and misappropriation of assets.

Separating the Custody of Assets from Accounting Implies That the Accountants