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Threats in this context are potentially bad things, or risk items, that can occur within a business organization. To begin this week's topic, briefly describe
"Threats" in this context are potentially bad things, or risk items, that can occur within a business organization. To begin this week's topic, briefly describe any one threatrisk in either the revenue cycle ie in sales and cash collection activities or the expenditure cycle ie in purchases or cash disbursement activities Once we've gathered enough examples of threatsrisks from our early postings, later in the week we'll progress in this discussion to address specific internal controls that might be applied to mitigate each of the threats we've identified.
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