Segregation of duties among employees eliminates the possibility of collusion.
Correct Answer:
Verified
Q2: The extent of internal control features adopted
Q3: It is unlikely that a company would
Q4: The safeguarding of assets is an objective
Q6: Only large companies need to be concerned
Q7: When one individual is responsible for all
Q8: Employees sometimes commit fraud because of personal
Q9: A good system of internal control will
Q12: The responsibility for keeping the records for
Q16: A system of internal control cannot be
Q22: The most important element of the fraud
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