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