menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing Study Set 2
  4. Exam
    Exam 8: Execution of the Audit Testing of Controls
  5. Question
    The Purpose of Prevent Controls Is to Discover Fraud or Errors
Solved

The Purpose of Prevent Controls Is to Discover Fraud or Errors

Question 24

Question 24

True/False

The purpose of prevent controls is to discover fraud or errors that may have occurred during transaction processing and to rectify those errors.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: What are the main items commonly included

Q20: Enquiry involves the auditor observing the actual

Q21: The Committee of Sponsoring Organisations (COSO)of the

Q22: What are the factors considered by auditors

Q23: If inherent risk is low and a

Q25: The more complex the client's operations and

Q26: Transaction-level controls are implemented by businesses to

Q27: Which of the following is an example

Q28: Attribute sampling is a sampling technique used

Q29: ASA 230 Audit Documentation requires auditors to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines