Which of the following items associated with the acquisition/payment process is likely to expose an organization to one or more forms of operational risk?
A)Purchase order prepared by hand
B)Schedule of accounts payable prepared with Excel
C)Both purchase order prepared by hand and schedule of accounts payable prepared with Excel
D)Neither purchase order prepared by hand nor schedule of accounts payable prepared with Excel

Question

Quizplus · Accepted Answer

Both options A and B can expose an organization to operational risk. A purchase order prepared by hand can contain errors or be lost, while a schedule of accounts payable prepared with Excel can contain formula errors or be subject to manipulation if access controls are not in place. Choosing option C covers both possibilities. Option D is incorrect as it implies that neither option presents a risk, which is not accurate.

Which of the Following Items Associated with the Acquisition/payment Process