Question 1

Evaluated Receipt Settlement (ERS) requires which of the following?

Options :

A : Receipt and Invoice

B : PO and Receipt

C : PO and Invoice

D : PO, Receipt, and Invoice

Answer: B

Question 2

Assigning a user name and password is one method of:

Options :

A :

Optical character recognition

B :

Robotic process automation

C : Data authentication

D : Security lockdown

Answer: C

Question 3

To protect your organization from employee fraud, which of the following controls should be employed?

Options :

A : Require that all potential employees sign an NDA prior to hire

B : Ensure all staff members have accounting degrees from accredited universities

C : Hire only temporary employees and rotate them out every six to eight months

D : Conduct detailed background checks on all new AP employees

Answer: D

Question 4

Which of the following are data security concerns?

Options :

A : I and II only (What data is being accessed; Who is accessing the data)

B : I and III only (What data is being accessed; For what purpose the data is being used)

C : II and III only (Who is accessing the data; For what purpose the data is being used)

D :

I, II, and III (What data is being accessed; Who is accessing the data; For what purpose the data is being used)

Answer: D

Question 5

Ways in which an organization could suffer from check fraud include which of the following: I. Check alteration; II. Invalid payments; III. Stolen issued checks.

Options :

A : I, II, and III

B : II and III only

C : I and III only

D : I and II only

Answer: A

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