Which of the following is not one of broad categories of controls?
A)The risk that assets will be stolen or misused.
B)The risk of errors in accounting data or information.
C)The risk of loss due to a natural disaster.
D)The risk of fraudulent activity by employees.

Question

Quizplus · Accepted Answer

The broad categories of controls are preventive, detective, and corrective controls, which are focused on addressing the risks of theft/misuse of assets, errors in accounting data/information, and fraudulent activity by employees. However, the risk of loss due to a natural disaster is not related to these categories of controls.

Which of the Following Is Not One of Broad Categories