A requirement that customers receive a receipt is an example of:
A)monitoring.
B)information and communication.
C)control activities.
D)risk assessment.

Question

Quizplus · Accepted Answer

The requirement that customers receive a receipt is an example of a control activity. Control activities are policies and procedures that are put in place to ensure that management's objectives are met. In this case, the objective is to ensure that transactions are accurately recorded, and a receipt serves as evidence of the transaction.

A Requirement That Customers Receive a Receipt Is an Example