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 out of balance with the subsidiary account

Question

Quizplus · Accepted Answer

Loss of physical assets is not a risk exposure related to the General Ledger and Financial Reporting Systems, whereas defective audit trail, unauthorized access to the general ledger, and general ledger accounts out of balance with subsidiary accounts are all potential risks.

Risk Exposures in the General Ledger and Financial Reporting Systems