The Purpose of Preventive Controls Is to Discover Fraud or Errors

question 42

True/False

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

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Definitions:

Special Interests

Groups that advocate for the specific benefits of their members, often seen as having a narrow focus in political lobbying.

Financial Footing

A term that describes the financial stability or health of an individual, organization, or country.

Political Campaigns

Organized efforts by political candidates or parties to influence the decision of voters in elections, often involving public speaking, advertising, and other forms of outreach.

Paid Professionals

Individuals who are compensated for their expertise and specialized skills in a particular field.