Question
Question Which of the following might prevent fraudulent use of Defence's electronic Procurement Card? Select three options and then Confirm. Reconcile transactions with card statement at month end D Keep the card secure or locked away when not in use Allow anyone to use the card Fail to conduct regular compliance checks Always file ePC statements in an unlocked cabinet Keep the card details secret
Answer
4.3
(164 Votes)
Lawrence
Professional · Tutor for 6 years
Answer
B, D, F
Explanation
The question relates to procurement risk management principles, particularly focusing on ways to prevent misuse or fraudulently use of organisational tools such as Procurement Card within the Defence unit. This is a multiple-choice question and requires selecting three practices which might minimise fraudulent use. The acceptable choices would emphasize secure storage, limited access and regular audit or compliance checks. Unhelpful actions would include allowing unrestricted access to the card and storing card records in easily accessible, insecure spaces. Due to choices being mutually exclusive, choice 'A'—reconciling transactions with card statements at end of the month may assist in detecting any misuse but could arguably indirectly aid in preventing fraudulent use as irregularities may be spotted in a timely manner.