Select the necessary words from the list of possibilities to complete the following statements. Statements Answer 1. No single employee in a company should have allowing the employee to both perpetrate and conceal errors or fraud in the normal course of performing his or her job. 2. A form of insurance in which an insurance company agrees to reimburse an employer for losses attributable to employee theft is referred to as 3. Under COSO, the control environment, risk assessment, the accounting information and communication system, control activities and monitoring are referred to as the of internal control. 4. Auditors are required by professional standards to communicate committee. and material weaknesses to the audit 5. Controls that rely on segregation of duties may be circumvented by among employees.