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A Chief Information Security Officer (CISO) has tasked a security analyst with assessing the security posture of an organization and which internal factors would contribute to a security compromise. The analyst performs a walk-through of the organization and discovers there are multiple instances of unlabeled optical media on office desks. Employees in the vicinity either do not claim ownership or disavow any knowledge concerning who owns the media. Which of the following is the MOST immediate action to be taken?
Allowance for Doubtful Accounts
A contra asset account that represents the estimated proportion of accounts receivable that may not be collectable.
Direct Write-off Method
An accounting approach where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.
Uncollectible Accounts Receivable
Debts owed to a company that are considered to be uncollectible from the debtor, often leading to the account being written off as a bad debt expense.
Allowance for Doubtful Accounts
An estimate of the amount of accounts receivable that may not be collectible, serving as a contra account to adjust the value of total receivables.
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