Control activities are the specific policies and procedures established by an organization to ensure that its objectives are met, particularly in safeguarding assets, ensuring accurate financial reporting, and promoting compliance with laws and regulations. These activities play a crucial role in the framework of financial accountability and reporting by providing mechanisms to prevent errors or fraud and to ensure that financial data is reliable. They encompass a range of processes, including authorization of transactions, segregation of duties, reconciliations, and physical controls over assets.
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