Indicate which statements are true and which are false. po 02:53:25 1. Separation of recordkeeping for assets from the custody over assets helps reduce fraud. Separating the responsibility for a transaction between two or more individuals or departments will not help prevent someone from creating a fictitious invoice and paying the money to themself. 2 Separating the responsibility for a transaction between two or more individuals or departments never improves a system of internal control. 4. The internal control of separation of duties requires that employees duplicate each other's work