Skip to content

CS Professional · Internal and Forensic Audit · Emerging Issues and Challenges

Sunrise Textiles Ltd's internal auditor finds that the finance team uses one shared login ID for the ERP payment module. Which control weakness is the most direct consequence of this practice?

The most direct consequence is loss of individual accountability and a reliable audit trail. When many users share one login, transactions cannot be traced to a specific person, so unauthorised or fraudulent payments are hard to detect or attribute.

  1. ALoss of individual accountability and audit trail for transactionsCorrect
  2. BSlower processing of month-end closing
  3. CHigher licence cost for ERP software
  4. DReduced storage space on the server

Explanation

Shared credentials mean actions cannot be traced to a specific person. This breaks accountability and weakens the audit trail, which is critical for detecting fraud. The other options are operational or cost issues, not the direct control consequence.

Did you get it right without looking?

One question tells you little. A timed set on Emerging Issues and Challenges shows your real accuracy, how long you take and where you lose marks.

Practise Emerging Issues and ChallengesFree diagnostic mock

More Emerging Issues and Challenges questions