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Required information Types of Controls Read the overview below and complete the activities that follow In all accounting systems, a variety of controls must be

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Required information Types of Controls Read the overview below and complete the activities that follow In all accounting systems, a variety of controls must be designed to accomplish the organization's control objectives. CONCEPT REVIEW: Internal controls vary significantly between organizations-depending on attributes like organization size, nature of operations, and objectives. In all systems, however, a variety of controls needs to be designed to accomplish the organization's objectives. Controls are classified as preventive, detective, or corrective. 1. Segregation of duties is a control aimed at misstatement. 2. The requirement to journal entries is an example of a preventive control 3. The goal to find a misstatement that has already been made is a type of control 4. Preparing bank can help detect misstatements that have been made 5. controls come into play when a misstatement is found. correcting detecting finding preventing resolving

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