A serious exposure in the revenue cycle is loss of assets.What is the related threat and applicable control procedure that address this exposure?

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Theft of cash is directly related to loss of assets in the revenue cycle. The applicable control procedure to address this exposure is segregation of duties and minimization of cash handling. This ensures that there are multiple people involved in handling cash and no single person has access to all cash transactions, reducing the risk of theft.

A Serious Exposure in the Revenue Cycle Is Loss of Assets.What