Table of contents

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1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

Financial Accounting

6. Internal Controls and Reporting Cash

Fraud and the Fraud Triangle

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Multiple Choice

Which of the following is NOT a risk to a company or its employees as a result of a data breach?

Increased risk of identity theft

Loss of customer trust

Legal and regulatory penalties

Improved internal controls

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Verified step by step guidance

Understand the context of the question: A data breach typically exposes sensitive information, leading to various risks for a company and its employees.

Identify the risks mentioned in the options: Increased risk of identity theft, loss of customer trust, and legal and regulatory penalties are all common consequences of a data breach.

Analyze the fourth option: Improved internal controls. This is not a risk but rather a potential benefit or response to mitigate future breaches.

Recognize that the question is asking for the option that is NOT a risk. Improved internal controls do not represent a risk but a proactive measure.

Conclude that the correct answer is 'Improved internal controls,' as it does not align with the negative consequences typically associated with a data breach.