Final answer:
The control goal that assures that the accounts receivable master data accurately reflects all cash collections recorded in the cash receipts event data is 'ensure update completeness'. This goal involves making sure all transactions are captured in the accounts update to maintain complete and accurate financial records.
Step-by-step explanation:
The question pertains to accounting controls specifically related to assuring that the accounts receivable master data is accurately and completely updated to reflect all cash collections recorded in the cash receipts event data. When we talk about the control goal that is met by this activity, we are referring to ensuring that every cash collection entry is correctly reported in the accounts receivable records. This is critical for maintaining accurate financial reports. The correct answer to the question is:
ensure update completeness.
This is because the control goal of ensure update completeness involves validating that all transactions that ought to be included in the accounts update are indeed captured. This ensures that the accounts receivable reports are complete and include all cash receipts, and no collection is omitted which could otherwise lead to discrepancies in the financial records. It is about the completeness of the recorded data post-transaction processing, rather than the accuracy of the input.