IOFM APS Exam Dumps
Accredited Payables Specialist (APS) Certification Exam
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IOFM APS Sample Questions
Question # 1Ways to minimize the number of rush checks that are requested include:
A. I only (Distribute the check run schedule with cut-off dates and times)
B. I and II only (Distribute the check run schedule with cut-off dates and times, Charge arush check processing fee)
C. I, II, and III (Distribute the check run schedule with cut-off dates and times, Charge arush check processing fee, Publish the names of frequent rush check requestors)
D. II only (Charge a rush check processing fee)
Question # 2
Electronic Data Interchange (EDI) has not gained more widespread use, particularly by small and medium-size companies, in part because of:
A. Government regulations
B. Staff resistance
C. Costly technology
D. Security concerns
Question # 3
What is another term for “software-as-a-service”?
A. Perpetual software license
B. Onsite vendor support
C. Consultant-specific applications
D. On-demand software
Question # 4
What is blockchain?
A. A distributed ledger system
B. A random password generator
C. An internal audit methodology
D. An accounts payable collaborative
Question # 5
To protect your organization from employee fraud, which of the following controls should be employed?
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
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