Question: What is the main difference between preventive and corrective controls? Preventive controls detect problems early, while corrective controls eliminate the root cause of errors. Preventive

What is the main difference between preventive and corrective controls?
Preventive controls detect problems early, while corrective controls eliminate the root cause of errors.
Preventive controls stop problems before they occur, while corrective controls fix problems after they are detected.
None of the above
Corrective controls prevent issues from occurring, while preventive controls fix issues after detection.
Preventive controls detect errors after they happen, while corrective controls prevent issues from occurring.
What is the main difference between preventive and corrective controls? Preventive

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Could I get the answers to the multiple choice section of this? Thanks! Chapter 11 Introduction to Internal Control Systems True-False Questions 1. Controls that specifically encourage operating...

Q:

1. What is the problem about? 2. Which methods have been used? 3. What do you understand from figures? 4. What kind of solution have been found? 5. What is the result of this project/case study?...

Q:

Hi, Please have a look at my question. Thank you so much. Please type your answers where appropriate; also you may develop and use an answer sheet (include your name and question number) Q5 1. During...

Q:

Case Summary Read the Discussion Assignment 1-1 on p.24 of the text Winning and Longevity. Select a health care entity to focus on, this could be a clinic or hospital of your choosing. Apply the case...

Q:

IT 625 Final Project Guidelines and Rubric Overview Note: In order to successfully complete this project, you will need to carefully review the Final Project Guidelines and Rubric document and the...

Q:

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

Q:

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Q:

Steps in the Process of Risk Management in Healthcare Read this case study and answer the questions below it Risk is a probability/threat of damage, injury, liability loss that is caused by...

Q:

Steps in the Process of Risk Management in Healthcare Read this case study and answer the questions below it Risk is a probability/threat of damage, injury, liability loss that is caused by...

Q:

question 2.Elaborate on risk assessment as per the Task Initiation Procedure (TIP) and oversight processes TETRA TECH EC AND RISK MANAGEMENT As Don Rogers, chief operating officer of the remediation...

Q:

Consider a modified version of the logistic dynamical system xt + 1 = rxt (1 - xnt). For the following values of n, a. Sketch the updating function with r = 2. b. Find the equilibria. c. Find the...

Q:

Earth Ltd owns a pharmaceutical business with a year-end of 31 October 2021. Earth Ltd began the development stage of a new injection on 1 March 2021. $45,000 per month was incurred until the project...

Q:

Write an algorithm using pseudocode to check the age and height of a child who wants to go on a fairground ride. The age must be over 7 and under 12, the height must be over 110 centimetres and under...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.