Final answer:
Internal controls, external audits, data validation checks, and segregation of duties are control measures that reduce the risk of inaccurate/incomplete/fraudulent GL data.
Step-by-step explanation:
The control measures for the risk of inaccurate/incomplete/fraudulent General Ledger (GL) data include internal controls, external audits, data validation checks, and segregation of duties.
Internal controls refer to the processes and procedures put in place within an organization to ensure the accuracy, completeness, and reliability of financial data. These controls may include policies, segregation of duties, proper authorization of transactions, and regular monitoring.
External audits are performed by independent external auditors who review an organization's financial records to ensure the accuracy and reliability of the GL data. These audits provide an external validation of the organization's financial statements.
Data validation checks involve the use of automated systems and algorithms to verify the accuracy and completeness of the GL data. These checks can identify anomalies, errors, or fraudulent activities and help prevent inaccuracies or fraud from impacting the GL data.
Segregation of duties is a control measure that ensures different individuals or departments are assigned specific responsibilities and no single person has complete control over the GL data. This helps reduce the risk of mistakes, manipulation, or fraud.