Question

Scroll down to complete all parts of this task.

Select from the option list provided whether each control listed below is a preventive, detective, or corrective control. Each choice may be used once, more than once, or not at all.

Control	Type of control
1. Locked door
2. System access log
3. Physical inventory counts
4. Preformatting
5. Password
6. Journal entries to correct errors
7. Bank reconciliations
8. Review and approval process for purchase requisitions
9. Training manual updates
10. Compare actual expenditures with the budget

Preventive, detective, corrective

I don't know how to match these

Answer 1

1. Preventive Controls: These controls are introduced in the firm to stop errors and irregularities from taking place.
2. Detective Controls: These controls are implemented to reveal errors and irregularities, once they take place.
3. Corrective Controls: These controls are designed to take corrective action for removing errors and irregularities after they are detected.

Locked door   Preventative Control

System access log Preventative Control

Physical inventory counts Detective Control

Preformatting   Preventative Control

Password Preventative Control

Journal entries to correct errors Corrective Control

Bank reconciliations Detective Control

Review and approval process for purchase requisitions   Detective Control

Training manual updates Preventative Control

Compare actual expenditures with the budget Preventative Control