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Dear Ibrahim! As you know budget is a planning & controlling tool for business,it is helpful to monitor at the money going in and out across a whole year Here are few ... Voir Plus
The controls designed to prevent an error before it occurs are preventive and controls designed to catch errors after occurrence are detective controls. i.e Segregation o ... Voir Plus
Preventive: (helps in preventing the risk before its occurence), some examples: Authorization and approval procedures; Supervision (assigning, reviewing/approving, guid ... Voir Plus
The controls designed to prevent an error before it occurs are preventive and controls designed to catch errors after occurrence of are detective controls.
Prevent is more of a "blocker" and Detecti is more "hunting down"