Final answer:
The correct answer is c. Corrective control. Maintaining backups, correcting data entry errors, and reprocessing transactions, are part of corrective controls, which aim to fix issues after they are found.
Step-by-step explanation:
Maintaining backup copies of files, correcting data entry errors, and resubmitting transactions for subsequent processing are examples of corrective controls. Corrective controls are part of an internal control system designed to address errors or irregularities that have been detected. The goal of corrective controls is to remedy the situation, prevent recurrence, and return the system to normal operation.
Types of Controls:
Preventive controls are deployed to prevent errors or fraud from occurring in the first place.
- Detective controls are designed to identify and detect errors that have already occurred.
- Corrective controls take action to correct issues after they have been identified by detective controls or as a part of routine procedures.
- Authorization controls involve the approval or authorization of transactions to prevent improper use of resources.
Therefore, the correct answer is c. Corrective control.