Are the following statements true or false? Small companies…
Are the following statements true or false? Small companies find segregation of duties easier to implement. [1] Independent internal verification is not necessary in an effective system of internal control. [2] A voucher system is a network of approvals by authorized individuals acting independently, to ensure that all disbursements by check are proper. [3] An employee making the bank deposit should also be the person recording journal entries. [4]
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