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Signify TRUE or FALSE as applicable for each of the following items as they pertain to an ideal internal control system. An ideal internal control system cannot t undermined by collusion among individuals. - Accounting department personnel should not perform any other operational functions. - The employee who signs checks should not reconcile the bank account. - The employee who prepares checks should not reconcile the bank account. - The employee who prepares checks should not sign checks. - The employee who physically handles inventory should not authorize payment for it. - The employee who physically handles inventory should not place orders with vendors. - The employee who places orders with vendors should not authorize payment fc them.
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