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Identify each of the following statements as either true or false. a. Separation of duties eliminates the possibility of collusion to steal an asset and

Identify each of the following statements as either true or false. a. Separation of duties eliminates the possibility of collusion to steal an asset and hide the theft from the records. b. A voucher system of control improves internal control of cash payments. c. A guideline for safeguarding cash is to require all cash payments be made in cash. d. It is good internal control for the recordkeeper to be in charge of writing and signing checks when the owner is out of town. False True

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