Which of the following is a primary responsibility of an Approving Official?

Get ready for the US Bank Cardholder and Approving Official Exam. Study with flashcards, multiple choice questions, and detailed explanations. Prepare effectively and succeed!

The primary responsibility of an Approving Official is to approve transactions made by cardholders. This role is essential because it ensures that all purchases are appropriate, compliant with regulations, and within the budgetary constraints of the organization. By reviewing and approving transactions, Approving Officials help maintain accountability and oversight within the organization's procurement processes, ensuring that funds are being used effectively and according to established policies.

In fulfilling this responsibility, the Approving Official acts as a safeguard against unauthorized or improper purchases, thereby protecting the organization’s financial integrity. The focus on transaction approval highlights their role in oversight rather than direct participation in purchasing or providing support or reporting violations, which are responsibilities associated with other roles or actions within the organization.

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