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Select all that applyWhich of the following are preventive controls?Multiple select question.ReconciliationsSeparation of dutiesPhysical controlsPerformance reviews

Question

Select all that applyWhich of the following are preventive controls?Multiple select question.ReconciliationsSeparation of dutiesPhysical controlsPerformance reviews

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Solution

All of the options provided are examples of preventive controls.

  1. Reconciliations: This is a preventive control as it involves comparing two sets of records to ensure they are in agreement. This helps to prevent any discrepancies or errors.

  2. Separation of duties: This is a key preventive control that involves dividing responsibilities among different people to limit fraud and prevent errors. This ensures that no single individual has control over all parts of a financial transaction.

  3. Physical controls: These are preventive measures that are designed to protect physical assets, like locking up valuable items or using surveillance cameras.

  4. Performance reviews: Regularly reviewing an employee's performance can help to prevent errors and detect any fraudulent activity.

So, all of the above are preventive controls.

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