The purpose of periodic counts within asset controls is to

• A. Ensure assets are looted
• B. Increase time to complete tasks
• C. Verify accuracy of records
• D. Ensure no logging occurs

Answer: (C)

Periodic counts in asset controls are about confirming that the physical assets on hand match what’s recorded. By counting at intervals, you create a reality check against the asset records, catching discrepancies from miscounts, misplacement, data-entry mistakes, or even losses and theft. This verification is what keeps inventories accurate, supports reliable reporting, and ensures responsible stewardship of resources. It isn’t about looting assets, slowing down tasks, or suppressing logs—it's about making sure the records reflect reality so decisions and controls are trustworthy.