Which control type aims to minimize or negate the impact of errors?

The control type that aims to minimize or negate the impact of errors is focused on correcting any identified mistakes and ensuring that they do not result in negative consequences for processes and operations. This type of control includes measures such as error correction procedures, training for employees to rectify mistakes, and implementation of robust review systems that can quickly identify issues and facilitate resolution.

In a business context, correcting controls are essential because they not only address errors after their occurrence but also help to build a culture of accountability and continuous improvement within the organization. This proactive approach allows a company to mitigate the repercussions of errors, which can affect financial reporting, operational efficiency, and overall decision-making.

The other options—backup, accounting, and detect—serve different purposes. Backup controls are crucial for data recovery but do not directly address errors once they occur. Accounting controls relate more to the maintenance and proper reporting of financial information. Detect controls are focused on identifying errors after they happen rather than correcting them. Therefore, the emphasis on minimizing or negating the impact of errors aligns closely with the purpose of correcting controls.