________ is an automated fraud detection tool offered by most banks.
A) Positive pay
B) A bank confirmation
C) Fraud buster
D) Check matching
Correct Answer:
Verified
Q42: The client may mail the bank confirmation
Q43: The bank reconciliation control is enhanced when
Q44: The starting point for the verification of
Q45: The auditors test the client's monthly bank
Q46: Tracing outstanding checks to subsequent period bank
Q48: The most important balance-related audit objectives in
Q49: Auditors usually design bank confirmations that address
Q50: To test the client's list of outstanding
Q51: Many of the auditor's audit procedures in
Q52: The standard bank confirmation form has been
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