For each of the controls given, tell whether it is primarily a preventive control, a detective control,

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For each of the controls given, tell whether it is primarily a preventive control, a detective control, or a corrective control.

a. Retro Clothing, Inc., has an online purchase system that automatically inserts the total price of each item a customer orders.

b. The teller double-checks the account number on the loan payment before applying payment.

c. External auditors are hired to audit the year-end financial statements.

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:12 PM

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For each of the controls given, tell whether it is primarily a preventive control, a detective control,

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a This is a preventive control It prevents any error ...View the full answer

Financial Accounting: A Business Process Approach

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