Certified Management Accountant Practice Exam 2025 - Free CMA Practice Questions and Study Guide

Corrective controls are designed to respond to adverse events that have already taken place, with the aim of mitigating their negative effects. They focus on addressing issues after they occur, allowing an organization to recover from undesirable outcomes and improve future performance. This characteristic is critical in risk management because, by correcting problems, organizations can implement measures that prevent recurrence, ultimately enhancing operational effectiveness.

In contrast, the other options describe different types of controls or attributes that do not apply to corrective actions. Predicting future problems relates more to preventive controls, which are meant to stop issues before they happen. Stating that corrective controls have no impact on outcomes contradicts their purpose, as they are specifically designed to rectify issues and improve future outcomes. Lastly, assessing potential risks is usually associated with detective controls or risk management processes, rather than being the primary function of corrective controls.