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Question 1

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

Question 2

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 3

Sales and use taxes are levied by which of the following? I. Cities and towns; II. Federal government; III. States.

Options :

A : II and III only

B : III only

C : I and III only

D : I, II, and III

Answer: C

Question 4

What is the current thinking on the practice of maintaining a petty cash fund?

Options :

A : It’s practically obsolete and should be eliminated, if possible

B : Three separate individuals should sign off on disbursements

C : It’s considered a best practice within service organizations and consulting businesses

D : It should be maintained by an executive in the treasury department

Answer: A

Question 5

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