Identify the corrective control below.
A) Reconciling the bank statement to the cash control account.
B) Approving customer credit prior to approving a sales order.
C) Maintaining frequent backup records to prevent loss of data.
D) Counting inventory on hand and comparing counts to the perpetual inventory records.
Correct Answer:
Verified
Q2: A(n)_ measures company progress by comparing actual
Q3: Hiring qualified personnel is an example of
Q4: Describe the reasons organizations have not adequately
Q5: Duplicate checking of calculations and preparing bank
Q6: Internal control is often referred to as
Q8: Which type of control prevents,detects,and corrects transaction
Q9: Which of the following was not an
Q10: Which type of control is associated with
Q11: Internal controls are often segregated into
A)detective controls
Q12: According to The Sarbanes-Oxley Act of 2002,the
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