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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 threat/risk in either the revenue cycle (i.e., in sales and cash collection activities) or the expenditure cycle (i.e., in purchases or cash disbursement activities). Once we've gathered enough examples of threats/risks 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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