Which of the following statements concerning internal controls is true? Multiple Choice A system of...

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Accounting

Which of the following statements concerning internal controls is true?
Multiple Choice
A system of internal controls is designed to prevent or detect errors and fraud.
The control procedure, separation of duties, prohibits the employment of a husband and wife or othe
company.
Internal controls are limited to the policies and procedures used to protect the company from fraud.
Strong internal controls cannot be circumvented.
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