Which of the following best defines detection controls?
A)Controls that are applied after transactions have been processed to identify whether fraud or errors have occurred, and to rectify the fraud or errors on a timely basis
B)The collective assessment of the client's control environment, risk assessment process, information system, control activities and monitoring of controls
C)Controls that affect a particular transaction cycle or group of transactions
D)Controls that determine the flow of documents through the system

Question

Quizplus · Accepted Answer

Detection controls are applied after transactions have been processed to identify fraud or errors that may have occurred, and to rectify the fraud or errors on a timely basis. These controls are reactive in nature and their purpose is to detect anomalies in the system. In contrast, preventive controls are implemented to prevent fraud or errors from occurring in the first place.

Which of the Following Best Defines Detection Controls