All of the following are examples of a control activity except A)limited access to assets. B)review and reconciliation. C)assignment of responsibility. D)increasing the speed of collection on receivables.

Question

Quizplus · Accepted Answer

Increasing the speed of collection on receivables is more of a financial management strategy aimed at improving cash flow rather than a control activity designed to ensure accuracy, prevent fraud, and safeguard assets. Control activities typically include actions like limiting access to assets, reviewing and reconciling accounts, and assigning responsibility to ensure accountability and accuracy in financial reporting.

All of the Following Are Examples of a Control Activity