B. Lack of processing integrity
The greatest risk associated with utilizing spreadsheets for financial reporting in end-user computing (EUC) is typically the lack of processing integrity. Spreadsheets can be prone to errors due to manual data entry, formula mistakes, and other human errors. This lack of processing integrity can lead to inaccurate financial reporting, which can have serious consequences for an organization, including financial losses and regulatory violations.
While the other options (A. Lack of password protection, C. Increase in operational incidents, D. Increase in regulatory violations) are also risks associated with spreadsheet use, they are generally not as significant as the risk of processing integrity. Accuracy and reliability in financial reporting are paramount, and errors in processing can have far-reaching consequences.
i think B, bcos in place of spreadsheets if any application is used to prepare finacial reportings, the process integrity would be preserved.. For example, data transaction entry>> >>posting to ledgers>> reporting in financials. In excel spreadsheets, this process may be difficult to ensure.
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