Prevention Controls Are Those Applied to Each Transaction During Normal

question 12

True/False

Prevention controls are those applied to each transaction during normal processing that are intended to stop fraud or errors from occurring.

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Definitions:

Intent to Convey

The legal determination or declaration of a party's intention to transfer rights, property, or interest from one to another.

Soil

The top layer of the Earth's surface, consisting of rock and mineral particles mixed with organic matter, which supports plant life.

Waters Contained

Bodies of water that are held or confined within a certain area, as in reservoirs, tanks, or naturally contained basins.

Assignee of a Lease

The party to whom lease rights and obligations are transferred, assuming the role of the original lessee.