Question Completion Status: QUESTION 3 Which of the following sets of duties would not be performed by a single individual in a company with the most effective segregation of duties in place? a. Having custody of signed checks yet to be mailed and maintaining depreciation schedules. Ob. Posting accounts payable transactions and entering additions and terminations to payroll. Oc. Approving sales returns on customers' accounts and depositing customers' checks in the bank. Od. Preparing monthly customer statements and maintaining the accounts payable subsidiary ledger QUESTION 4 Supervision is a compensating control to help make up the inability to have adequate or thorough segregation of duties. True False QUESTION 5 The distribution of reports is considered what type of control? a. output Ob. processing. Oc. corrective Od.input QUESTION 6 The reporting objective of the CO50 Internal Control Integrated Framework focuses on effective and efficient operations and safeguarding assets True False