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 A and B
D)Neither A nor B

Question

Quizplus · Accepted Answer

Both options A and B can expose an organization to operational risk. A purchase order prepared by hand may contain errors, such as incorrect pricing or quantities, which can result in overpayment or underpayment. Using Excel to prepare the schedule of accounts payable can also result in errors or data corruption, which can lead to payment delays, incorrect payments, or missed payments. These errors can result in financial losses or damage to the organization's reputation with suppliers.

Which of the Following Items Associated with the Acquisition