Final answer:
Assuring that the accounts receivable master data reflects all cash collections recorded in the cash receipts event data does not address the control goal.
Step-by-step explanation:
The correct answer is b. false.
Assuring that the accounts receivable master data reflects all cash collections recorded in the cash receipts event data does not address the control goal. The control goal is to ensure that all cash collections recorded in the cash receipts event data are accurately reflected in the accounts receivable master data. This means that the cash collections should be properly recorded in the accounts receivable ledger, ensuring the accuracy of the company's financial records.
For example, if a company records a cash collection in the cash receipts event data but fails to update the accounts receivable master data, it could lead to discrepancies in the company's financial statements. Therefore, it is important to properly reconcile the cash receipts event data with the accounts receivable master data to maintain control over the company's financial records.