QuestionQ1370

Risk Response and Reporting

It has been determined that segregation-of-duties controls failed because an accounts payable system was automated. Which of the following would BEST mitigate the related risk?

  • A Implementing multi-level authentication
  • B Adding manual approvals to the departmental workflow
  • C Analyzing transaction reports for suspicious activity
  • D Automating account reconciliation
Explanation

Manual approvals add independent authorization to the departmental workflow, restoring separation between processing and approval duties and providing a preventive control over accounts-payable transactions.

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