Which of the following statements regarding internal controls to protect assets and provide quality information is not correct? Multiple Choice One of the key Internal controls is separation of duties. O All of these are correct statements A highly effective system of internal controls will prevent and/or detect every error or irregularity Internal control is a process designed to provide reasonable assurance that an organization will achieve its objectives in the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations The Sarbanes-Oxley Act of 2002 requires that management of publicly traded companies report on the adequacy of their company's internal control over financial reporting