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    Auditing and Assurance Services Study Set 2
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    Exam 23: Audit of Cash and Financial Instruments
  5. Question
    Positive Pay Reduces Potential Check Fraud by Matching Account Number
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Positive Pay Reduces Potential Check Fraud by Matching Account Number

Question 136

Question 136

True/False

Positive pay reduces potential check fraud by matching account number, check number, and dollar amounts of each check presented for payment against the electronic records of checks provided by the company.

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