ontrol does this situation describe?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ACME Corp cannot afford to staff the storeroom in the plant during the 3rd shift. Maintenance personnel will need parts, but sometimes do not fill out the paperwork. Management installs cameras to see who is taking parts from the storeroom and check it against the paperwork. What type of control does this situation describe?
Group of answer choices
Preventative control
Corrective control
Out of control
Detective control
ACME Corp cannot afford to staff the storeroom in the plant during the 3rd shift. Maintenance personnel will need parts, but sometimes do not fill out the paperwork. Management installs cameras to see who is taking parts from the storeroom and check it against the paperwork. Where is this control is located on the COSO Cube?
Group of answer choices
Storeroom - Monitoring - Reporting
Storeroom - Control Environment - Compliance
Storeroom - Control Activity - Operations
Storeroom - Control Environment - Reporting
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