Financial statements are an example of concurrent controls.

Name: Financial statements are an example of concurrent controls.
Brand: Quizplus
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Quizplus · Accepted Answer

Financial statements are not an example of concurrent controls. Concurrent controls are real-time controls that are in place to prevent errors or fraud at the time a transaction is occurring, whereas financial statements are typically prepared after the fact to provide information on past transactions.

Financial Statements Are an Example of Concurrent Controls