Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS L4M3 Exam - Topic 8 Question 13 Discussion

Bandpro is a reseller of branded computer products to the private and public sector. The procurement team must purchase 500 items each day solely by multiple phone calls and emails to suppliers. Due to this practice, it takes a lot of time to track and collect relevant documents. Some important documents even get lost, which makes procurement audit more burdensome. Which of the following would increase the robustness of audit trails in procurement activities?
C) Spend less time on auditing procurement procedures and D) Rectify non-compliant activities
A) Every evidence must be recorded by paper
B) Adopt e-procurement

CIPS L4M3 Exam - Topic 8 Question 13 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 13
Topic #: 8
[All L4M3 Questions]

Bandpro is a reseller of branded computer products to the private and public sector. The procurement team must purchase 500 items each day solely by multiple phone calls and emails to suppliers. Due to this practice, it takes a lot of time to track and collect relevant documents. Some important documents even get lost, which makes procurement audit more burdensome. Which of the following would increase the robustness of audit trails in procurement activities?

Show Suggested Answer Hide Answer
Suggested Answer: C, D, E

Generally, under the Sale of Goods Acts (in UK, Singapore, Australia,...) or Commercial Codes (in France, Germany, Vietnam,...), the sale contracts have the following implied terms:

- the seller has the right to sell the goods. This is also a condition of the contract

- the goods are free from undisclosed security interests

- the goods supplied under the contract will be reasonably fit for any purpose which the buyer made known to the seller

- sales of unseen goods will be of merchantable quality, and match their description and conform with a sample.

- Passing of risk

- Passing of possession and title

...


LO 3, AC 3.1

by Lettie at Feb 24, 2023, 07:29 PM

Limited Time Offer

25%

Off

Get Premium L4M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Glenna
8 months ago
Less time on auditing? That sounds risky!
upvoted 0 times
...
Kanisha
8 months ago
Rectifying non-compliant activities is crucial too.
upvoted 0 times
...
Wayne
9 months ago
Surprised that they aren't using e-procurement already!
upvoted 0 times
...
Vesta
9 months ago
I disagree, paper records can still be reliable.
upvoted 0 times
...
Kasandra
9 months ago
E-procurement is definitely the way to go!
upvoted 0 times
...
Jolene
9 months ago
I wonder if rectifying non-compliant activities would actually help with audit trails. It seems more like a reactive measure rather than a proactive solution.
upvoted 0 times
...
Whitney
9 months ago
I feel like we had a practice question about improving procurement efficiency, and adopting technology was the key takeaway. E-procurement might be the best choice.
upvoted 0 times
...
Stanford
9 months ago
I’m not entirely sure, but I think recording everything on paper might just complicate things more. It sounds outdated for tracking audits.
upvoted 0 times
...
Omer
9 months ago
I remember we discussed how e-procurement systems can streamline processes and improve document tracking. That seems like a strong option here.
upvoted 0 times
...
Florencia
9 months ago
This seems like a straightforward question about template inheritance and best practices. I think I'll go with option B - creating a new base template with the duplicated fields and having both ItemA and ItemB inherit from it.
upvoted 0 times
...
Janine
9 months ago
Hmm, this looks like a tricky one. I'll need to carefully examine the p-values to determine which variables are significant at the 0.05 level.
upvoted 0 times
...
Jani
9 months ago
Hmm, this one has me a bit stumped. I'm not sure which answer choice best fits the context. I'll have to weigh the options closely.
upvoted 0 times
...
Elvera
10 months ago
I'm a bit confused by this question. The package names don't seem very intuitive to me, and I'm not familiar with the Alfresco Process Services API. I'll have to review my notes and try to figure out the best approach to solving this type of question.
upvoted 0 times
...
Micah
1 year ago
Ah, the old 'record everything on paper' approach. It's like they want us to time travel back to the Middle Ages or something. E-procurement is clearly the way to go, unless we want to end up with a giant filing cabinet for a procurement team.
upvoted 0 times
Lorita
1 year ago
User 3: It's time to embrace technology for a more efficient process.
upvoted 0 times
...
Nohemi
1 year ago
User 2: Yeah, no more dealing with piles of paper documents.
upvoted 0 times
...
Clarence
1 year ago
User 1: I agree, e-procurement would definitely make things easier.
upvoted 0 times
...
...
Nelida
1 year ago
Hold up, you want me to rectify non-compliant activities? Isn't that just common sense? I'm pretty sure even my pet rock could figure that one out.
upvoted 0 times
...
Heidy
1 year ago
Spending less time on auditing? Yeah, right. That's just asking for trouble. Gotta make sure those procurement practices are on the up and up, you know?
upvoted 0 times
Jaclyn
1 year ago
Spending less time on auditing? Yeah, right. That's just asking for trouble. Gotta make sure those procurement practices are on the up and up, you know?
upvoted 0 times
...
Trinidad
1 year ago
D) Rectify non-compliant activities
upvoted 0 times
...
Billi
1 year ago
B) Adopt e-procurement
upvoted 0 times
...
Hermila
1 year ago
A) Every evidence must be recorded by paper
upvoted 0 times
...
Junita
1 year ago
User 4: Yeah, that would definitely increase the robustness of our audit trails.
upvoted 0 times
...
Nickole
1 year ago
User 3: Adopting e-procurement could really help streamline the process.
upvoted 0 times
...
Lewis
1 year ago
User 2: I agree, we can't afford to cut corners when it comes to auditing.
upvoted 0 times
...
Katina
1 year ago
User 1: We really need to make sure our procurement practices are solid.
upvoted 0 times
...
...
Natalie
1 year ago
Option B is the clear winner here. Who wants to waste time chasing down suppliers and hunting for missing documents? With e-procurement, everything's right there at your fingertips.
upvoted 0 times
...
Layla
1 year ago
But wouldn't rectifying non-compliant activities also help in ensuring robust audit trails?
upvoted 0 times
...
Michell
1 year ago
Ooh, e-procurement sounds like the way to go! No more losing important docs, just a nice digital trail. Beats having to shuffle through a mountain of paperwork.
upvoted 0 times
Timmy
1 year ago
User 2: Yeah, it would save a lot of time and reduce the risk of losing important documents.
upvoted 0 times
...
Millie
1 year ago
User 1: I agree, e-procurement would definitely make things easier.
upvoted 0 times
...
...
Nickie
1 year ago
I agree with Selma. E-procurement would make tracking documents easier and more efficient.
upvoted 0 times
...
Selma
1 year ago
I think adopting e-procurement would be the best option.
upvoted 0 times
...

Save Cancel