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Which of the following statements about internal controls is correct? The custodian of an asset is the best person to accurately keep and maintain the
Which of the following statements about internal controls is correct? The custodian of an asset is the best person to accurately keep and maintain the record of that asset. Segregation of duties involves physically segregating employees so that they are better able to focus on their accounting functions. Control is most effective when only one person is responsible for a given task. Independent checks of performance can only be performed by the external auditors of a company
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