1) Threats in the Revenue Cycle What is an EFT

1)   Threats in the Revenue Cycle

What is an EFT and how does its use control cash and cash flow? What technology is necessary to utilize EFT’s? 

2)  Threats in the Expenditure Cycle:

 What is a procurement card? In what business environment is its use most useful?

What special controls on the cards are necessary to make the procedure work?

Write paragraph for each question