All of the following are examples of a control activity except
A)limit access to assets.
B)independent internal reviews.
C)authorization of transactions.
D)increasing the speed of collection on receivables.

Question

Quizplus · Accepted Answer

Increasing the speed of collection on receivables is not a control activity, but a business strategy to improve cash flow. Control activities are actions that are taken to prevent or detect errors or fraud in financial transactions, such as limiting access to assets, independent internal reviews, and authorization of transactions.

All of the Following Are Examples of a Control Activity