Risk Exposures in the General Ledger and Financial Reporting Systems

question 49

Multiple Choice

Risk exposures in the general ledger and financial reporting systems include all of the following except

• A)defective audit trail
• B)unauthorized access to the general ledger
• C)loss of physical assets
• D)general ledger account is out of balance with the subsidiary account

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Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group which can affect their performance in various activities.

Biased Test

An assessment that consistently produces unfair or unrepresentative results for certain groups of people.

Claude Steele

An American social psychologist known for his work on stereotype threat and its effects on performance in various domains, such as academic achievement.

Casual Sex

Sexual activities occurring outside of committed romantic relationships, often characterized by a lack of emotional attachment or long-term commitment.