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:

Probability

The measure of the likelihood that an event will occur.

Observing

The action or process of closely monitoring or noticing something or someone.

Resample

The process of drawing repeated samples from observed data, typically used in bootstrapping or validating statistical models.

Bootstrap Confidence Interval

A method in statistics for estimating the range within which a population parameter is likely to lie, based on resampling with replacement from the sample data.