Accounting · Control Risks
Which of the following situations represents a control risk in a Financial and Accounting Information System?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Automated reconciliation protocols between sub-modules and the main financial module.
- 2Use of an automated audit trail capturing user ID, time, and transaction details.
- 3Overlapping user roles, such as the same person handling vendor creation and invoice processing.✓
- 4Proper data validation controls are in place during transaction entry, and transactions are periodically reviewed.
Correct answer
Overlapping user roles, such as the same person handling vendor creation and invoice processing.
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