The purpose of preventive controls is to discover fraud or errors that may have occurred
during transaction processing and to rectify those errors.
Correct Answer:
Verified
Q1: One of the elements of an entity's
Q7: The greater the degree of reliance on
Q9: The internal control objective of 'real' refers
Q10: The internal control objective of 'valued' refers
Q10: The concept that no one employee should
Q11: An example of a purely manual control
Q11: Benchmarking is an audit strategy that can
Q12: In larger entities,there are often limitations surrounding
Q15: To improve efficiency,auditors test only those controls
Q18: Checklists and preformatted questionnaires are particularly helpful
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