According to IIA guidance, which of the following is least likely to be a key financial control in an organization's accounts payable process?

Question

Options

• ARequire the approval of additions and changes to the vendor master listing, where the inherent risk
• BMonitor amounts paid each period and compare them to the budget to identify potential issues.
• CCompare employee addresses to vendor addresses to identify potential employee fraud.
• DMonitor customer quality complaints compared to the prior period to identify vendor issues.

• A
  14% (3)
• B
  5% (1)
• C
  5% (1)
• D
  77% (17)

Explanation

According to IIA guidance, monitoring customer quality complaints compared to the prior period to identify vendor issues is least likely to be a key financial control in an organization's accounts payable process. Key financial controls in accounts payable typically focus on preventing and detecting fraud and errors in the payment process, such as requiring approval for vendor changes, monitoring payment amounts, and comparing employee and vendor addresses to prevent fraud. Monitoring customer quality complaints is more relevant to quality control and vendor management rather than financial control.

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