When any assets of a superannuation fund are externally managed, the predominant controls are:
A) controls for safeguarding the assets under management.
B) controls for the processing of transactions related to the assets under management.
C) both A and B above
D) none of the above

Question

Quizplus · Accepted Answer

When any assets of a superannuation fund are externally managed, the predominant controls should include both controls for safeguarding the assets under management, as well as controls for the processing of transactions related to the assets under management. This ensures that the external manager is properly managing the assets and that any transactions related to those assets are processed accurately and securely. Therefore, option C is the best choice.

When Any Assets of a Superannuation Fund Are Externally Managed