In the Funding Review Process, what must be checked and verified?

• A. The financing terms of the supplier
• B. Funding sources must be checked and verified
• C. The lead time and delivery schedule
• D. The product specifications

Answer: (B)

Verifying funding sources is the key action in the Funding Review Process. The main goal here is to confirm that the money to pay for the purchase actually exists, is available, and is properly allocated for this procurement. This reduces financial risk, prevents payment delays, and supports budgeting and governance by ensuring funds are real and committed. Other elements like supplier payment terms, delivery timelines, or product specifications belong to other parts of the procurement process and don’t address whether the funds are secured, which is why they aren’t the focus of the funding review.