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True or False Question Complete, accurate, and up-to-date accounting records should be maintained. The use of check protectors, cash registers, and time clocks is recommended. Employees should be assigned to one job and should remain in that job so that skill levels will be as high as possible. Whenever possible, responsibilities should be assigned, and duties subdivided in such a way that only one employee is responsible for a given function. An internal auditing function should not be implemented because it leads the employees to believe that management does not trust them. Those employees responsible for safeguarding an asset should maintain the accounting records for that asset. One of the best protections against theft is to hire honest, competent employees. A foolproof internal control structure can be devised if management puts forth the effort. True or False Question True Complete, accurate, and up-to-date accounting records should be maintained. True The use of check protectors, cash registers, and time clocks is recommended. False Employees should be assigned to one job and should remain in that job so that skill levels will be as high as possible. True Whenever possible, responsibilities should be assigned, and duties subdivided in such a way that only one employee is responsible for a given function. False An internal auditing function should not be implemented because it leads the employees to believe that management does not trust them. False Those employees responsible for safeguarding an asset should maintain the accounting records for that asset. True One of the best protections against theft is to hire honest, competent employees. False A foolproof internal control structure can be devised if management puts forth the effort.