Explain the consequence of not adhering to GFEBS procedures.

Not adhering to GFEBS procedures can have serious repercussions, particularly in terms of financial management and project oversight. When processes and protocols are not followed, it can lead to financial discrepancies, where the recorded expenses do not match the actual costs incurred. This misalignment can cause significant issues in budget management and financial reporting.

Additionally, compliance issues arise when regulations and guidelines are undermined. GFEBS was designed to ensure transparency and accountability in financial transactions, so deviating from established procedures can result in violations that may have legal and regulatory implications.

Furthermore, project delays often occur due to a lack of proper documentation and oversight. When procedures are neglected, it can hinder communication and coordination among team members and stakeholders, causing misunderstandings and mismanagement of resources. This ultimately affects the timeline and successful completion of projects, making adherence to established GFEBS procedures crucial for maintaining efficiency and effectiveness.