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Question 1

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 2

Which of the following IRS documents addresses travel & entertainment (T&E) expenses?

Options :

A : Notice 1009

B : Publication 463

C : Advisory 972

D : Form 1046

Answer: B

Question 3

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 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

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