When performing a preliminary process risk assessment, which action should be taken to determine the likelihood of an employee paying unapproved invoices?
A.
Discuss the accounts payable process with the organization’s external auditor.
B.
Review supporting documentation of paid invoices for evidence of approval to pay.
C.
Review benchmarks related to the accounts payable process in similar organizations.
D.
Discuss the accounts payable process with the accounts payable manager.
Option B (reviewing supporting documentation of paid invoices) is useful for testing the controls but does not directly assess the likelihood of future occurrences of unapproved payments.
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emtofid
4 months ago