Multiple Choice
At the end of each business day, Safe Company sends its bank a listing of all checks written during the day including the check number, payee, and amount. When a check is sent to the bank for payment the bank compares the payee and the amount with the listing provided by Safe Company. This system is called:
A) PayChex.
B) Pay-As-You-Go.
C) Positive Pay.
D) Pay Master.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: When auditing financial statements and finding indications
Q3: Auditors are auditing the cash receipts
Q4: Which of the following should be performed
Q5: A company employs three accounts payable
Q6: Which of the following is not considered
Q8: When an employee embezzles company funds from
Q9: List, and briefly describe, the three factors
Q10: An auditor is considering whether the omission
Q11: Each of the following is a type
Q12: When counting cash on hand the auditor