For each of the controls given, tell whether it is primarily a preventive control, a detective control,
Question:
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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a This is a preventive control It prevents any error ...View the full answer
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Question Posted:
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