Question

Identify the corrective control below.

a. Reconciling the bank statement to the cash control account.
b. Approving customer credit prior to approving a sales order
c. Maintaining frequent backup records to prevent loss of data
d. Counting inventory on hand and comparing counts to the perpetual inventory records

Answer 1

The answer is D. Counting inventory on hand and comparing counts to the perpetual inventory records

Step-by-step explanation:

Corrective controls are designed to correct errors or irregularities that have been detected and this can only be achieved if comparison of counts are made be going through the records another time.