Answered: ontrol does this situation describe?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 3TP: A manufacturing plant was finding a huge increase in the scrapping of raw materials. Its internal...

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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

Group of answer choices

Storeroom - Monitoring - Reporting

Storeroom - Control Environment - Compliance

Storeroom - Control Activity - Operations

Storeroom - Control Environment - Reporting

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