Describe Three Threats in the General Ledger and Reporting System

question 65

Essay

Describe three threats in the general ledger and reporting system and identify corresponding controls for each threat.

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Definitions:

Independent Variables

Variables in an experiment or model that are manipulated or changed to observe their effect on dependent variables.

Multiple Regression Analysis

Regression analysis involving two or more independent variables.

Multiple Regression Equation

The mathematical equation relating the expected value or mean value of the dependent variable to the values of the independent variables; that is, E(y) = b0 + b1x1 + b2x2 + . . . + bpxp.

Estimated

Refers to the approximation or guesswork made to find out a value that is not precisely known.