Risk Exposures in the General Ledger and Financial Reporting Systems

question 58

Multiple Choice

Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except

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

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Definitions:

Developed

Refers to a state of advanced economic growth and industrialization characterized by high income per capita and standard of living.

Tolerance

A physiological adaptation in which exposure to a drug or stimulus over time leads to a reduced reaction, necessitating larger doses to achieve the same effect.

Cocaine

A powerful stimulant drug derived from the coca plant, which can lead to serious health issues, dependency, and addiction.

Substance Withdrawal

Symptoms that occur upon the reduction or cessation of intake of addictive substances to which one has become dependent, often leading to significant distress or impairment.