The traditional answer is an emphatic “Yes!”
But times, they are a-changing.
Until now, detective controls have been based on a review of reports at the end of the day, week, month, etc. They are designed to detect errors that slipped past any controls earlier in the process. Detective controls are often, but not always, cheaper to operate; but the risk is higher that an error (deliberate or otherwise) may not be prevented and its detection may be too late to prevent a …
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