Question 19 (1 point) Listen Which of the following is NOT a principle of internal control? 1) Assets should be insured and employees bonded. O2) Adequate records should be maintained. 3) Responsibility for related transactions should be divided. 4) Responsibilities should be clearly established. Audits should always be conducted by employees internal to the organization. Question 20 (1 point) Listen Preventing unauthorized access to company resources is one of the most difficult and time-consuming tasks for internal control experts. 1) True 2) False Question 21 (1 point) Listen Internal control procedures for cash receipts require 1) All cheques to be numbered in sequence. 2) Separation of custody of cash receipts from their recordkeeping. 3) In-store cash sales be recorded on a cash register at the time of each sale. Separation of custody of cash receipts from its recordkeeping and in-store cash sales be recorded on a cash register at the time of each sale 5) All of these answers are correct