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Accounts Payable Certification Accredited Payables Specialist (APS) Certification Exam

Accredited Payables Specialist (APS) Certification Exam

Last Update Jun 30, 2025
Total Questions : 100

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Questions 2

Ways in which an organization could suffer from check fraud include which of the following: I. Check alteration; II. Invalid payments; III. Stolen issued checks.

Options:

A.  

I, II, and III

B.  

II and III only

C.  

I and III only

D.  

I and II only

Discussion 0
Questions 3

All of the following items are typically addressed in an organization’s vendor setup guidelines except:

Options:

A.  

Validating that the person who requested the new vendor is authorized to do so

B.  

Whether or not the vendor outsources its order fulfillment process

C.  

The conventions for the way letters and abbreviations must be entered

D.  

Verification that the vendor is not already in the system

Discussion 0
Questions 4

According to the ACFE, which of the following is the most common type of fraud scheme?

Options:

A.  

Asset misappropriation

B.  

Intellectual property fraud

C.  

Corruption (bribery)

D.  

Financial misstatement

Discussion 0
Questions 5

Which AP function is typically NOT considered a good candidate for business process outsourcing (BPO)?

Options:

A.  

Performance monitoring

B.  

Check printing

C.  

Utility payments

D.  

Invoice imaging

Discussion 0
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