Having management periodically determine whether the amount of physical assets of the company match the accounting records is an example of which detective control?
A)Separation of duties.
B)Reconciliations.
C)Performance reviews.

Question

Quizplus · Accepted Answer

Reconciliations involve comparing accounting records with physical assets to identify any discrepancies or errors. This is a detective control designed to catch any issues that may have occurred in the recording or management of assets. Separation of duties and performance reviews are preventative and corrective controls, respectively, and are not directly related to reconciliations.

Having Management Periodically Determine Whether the Amount of Physical Assets