Multiple Choice
At the end of each business day,Safe Company sends its bank a list 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 list 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
Q9: Embezzlement is a type of fraud that
Q10: _ is the use of fraudulent means
Q11: Simple theft of money or goods not
Q12: An entity with a large volume of
Q13: After checks are signed for vendor invoices,
Q14: It is not necessary to send confirmations
Q15: The most effective long-run prevention of fraud
Q17: Auditors _ perform the company's control function
Q18: The company's bank reconciliation (audited by independent
Q39: Which of the following sets of information