What is the purpose of corrective control?
Understand the Problem
The question is asking for the definition of corrective control and its main purpose, providing multiple-choice options to select from. The focus is on understanding what corrective control aims to achieve.
Answer
Resolving problems by understanding their cause after they occur.
The final answer is Resolving problems by understanding their cause after they occur.
Answer for screen readers
The final answer is Resolving problems by understanding their cause after they occur.
More Information
Corrective controls are implemented to fix problems after they have been detected, aiming to address root causes and prevent recurrence.
Tips
Common mistakes include confusing corrective controls with preventive ones, which are designed to avoid problems before they occur.
Sources
- Risk Control Techniques: Preventive, Corrective, Directive, And ... - financialcrimeacademy.org
- Internal Control Types and Activities - CFO – Syracuse University - finance.syr.edu
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