Risk Mitigation in E-Invoicing Module 3 Quiz

What is the primary role of internal defence in e-invoicing compliance?

• To replace manual audits

• To strengthen internal controls and risk management

• To simplify financial reporting

• To eliminate the need for reconciliation

What framework is commonly used for internal control in risk management?

• ISO 9001

• COSO

• GDPR

• PDPA

Which of the following is part of the first line of defence in the COSO framework?

• Internal Audit

• Management Oversight

• Business Operations/Procurement

• Board of Directors

What is the primary function of the second line of defence?

• Providing oversight and guidance on compliance

• Issuing consolidated invoices

• Generating financial reports

• Managing customer relationships

Who is responsible for the third line of defence in the COSO framework?

• IT and finance teams

• Accounts payable staff

• Internal audit team

• Guest relations team

Which team ensures accurate and complete submission of e-invoices?

• Procurement team

• Accounts receivable and finance team

• Front office staff

• Internal audit team

What is the main role of the front office team in e-invoicing compliance?

• Reconciliation of financial statements

• Real-time generation of e-invoices at check-out

• Managing tax submissions

• Ensuring system integration

Which department needs training to handle credit and debit notes?

• Housekeeping

• Accounts and finance

• Guest services

• IT systems

What is a key adjustment for guest services under e-invoicing?

• Verifying tax compliance

• Handling late add-ons with debit notes

• Issuing consolidated e-invoices

• Submitting monthly reconciliation reports

How does the housekeeping team contribute to e-invoicing compliance?

• By generating e-invoices for minibar charges

• By informing the front desk of minibar usage in real-time

• By reconciling accounts payable

• By integrating systems with MyInvois