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

Question

Quizplus · Accepted Answer

When any assets of a superannuation fund are externally managed, both controls for safeguarding the assets under management and the processing of transactions related to the assets under management are necessary. This ensures that the funds are properly protected and that all transactions and activities are properly recorded and monitored.

When Any Assets of a Superannuation Fund Are Externally Managed