Explain each numbers of the threats and controls in the expenditure cycle General issues throughout the entire expenditure cycle 1. Loss or destruction of data 1.1. Backup and disaster recovery procedures 2. Poor performance 2.1. Managerial reports 3. Stockouts and excess inventory 3.1. Perpetual inventory system 3.2. Bar coding or RFID system 3.3. Periodic physical counts of inventory 4. Purchasing items not needed 4.1. Perpetual inventory system 4.2. Review and approval if purchase requisitions 4.3. Centralised purchasing functions