Which of the following describes procedures to protect assets from theft?

The correct choice, Asset Control, specifically pertains to the procedures and measures implemented to safeguard assets from theft. This concept encompasses strategies and practices that organizations put in place to monitor, track, and secure their physical and financial assets, thereby minimizing the risk of loss due to illegal or unauthorized access.

Asset Control is crucial because it not only involves the physical security of assets but also encompasses inventory management, employee training for recognizing and preventing potential theft, and implementing technology solutions such as surveillance systems and access control. By ensuring that assets are accounted for and secure, organizations can effectively reduce the likelihood of theft and related financial losses.

In contrast, Risk Management involves identifying, assessing, and prioritizing risks but is broader in scope and includes risks beyond just theft, such as operational or financial risks. Regulatory Compliance focuses on adhering to laws and regulations relevant to the industry, while Performance Improvement emphasizes enhancing processes and outcomes rather than specifically addressing asset protection. Thus, while all options relate to organizational practices, Asset Control is the most focused on safeguarding assets from theft.