The heart of book keeping system is the ______.

1. A. Asset
2. B. Liability
3. C. Checkbook
4. D. Journal

Correct Answer: C

Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:

1. A. Check disbursement
2. B. Bank confirmation
3. C. Bank confirmation
4. D. Cut-off statements

Correct Answer: C

_______ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.

1. A. Altered
2. B. Perpetual
3. C. False shipping slip
4. D. Write-offs

Correct Answer: C

Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:

1. A. Check disbursement
2. B. Bank confirmation
3. C. Bank confirmation
4. D. Cut-off statements

Correct Answer: C

Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.

1. A. True
2. B. False

Correct Answer: B