Asked by Cynthia Aborn on May 08, 2024

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All of the following are examples of a control activity except

A) an extensive marketing plan.
B) assignment of responsibility.
C) segregation of duties.
D) insurance on assets.

Control Activity

Measures implemented to ensure that management's directives are carried out, aiming to prevent, detect, and correct financial misstatements or fraud.

Extensive Marketing Plan

A comprehensive strategy outlining marketing efforts, targeting how a business will effectively engage customers, compete in the market, and achieve its marketing goals.

Segregation Of Duties

An internal control method used to prevent fraud and errors, which involves dividing tasks and responsibilities among different people to ensure no single individual controls all aspects of a transaction.

  • Acquire insight into the essential components of an internal control system and differentiate among control activities.
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Trevorlin ElderMay 09, 2024
Final Answer :
A
Explanation :
An extensive marketing plan is not a control activity; it is a strategic activity. Control activities are actions taken to minimize risks and ensure that objectives are met, such as assignment of responsibility, segregation of duties, and insurance on assets.