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Preventive controls seek to stop fraud before it happens. What is the relative importance of preventive controls (versus detective and corrective controls) in the industry
Preventive controls seek to stop fraud before it happens. What is the relative importance of preventive controls (versus detective and corrective controls) in the industry in which a business operates? For example, are detective controls relatively more important in the financial services industry versus the media services industry? Explain your answer.
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