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Exam Code: APS
Exam Name: Accredited Payables Specialist (APS) Certification Exam
Vendor: IOFM

60 Questions & Answers
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NEW QUESTION: 1
Difference between workflow rule and workflow approval process is:
A. A workflow rule is based on manual submission and workflow approval is not
B. A workflow rule has workflow actions where as workflow approval does not
C. A workflow rule is based on assignment rule and workflow approval is not
D. A workflow approval triggers on manual submission whereas a workflow rule triggers on saving a record
Answer: D

NEW QUESTION: 2
One category of fraud is fraudulent statements. This is usually in the form of falsication of nancial statements in order to obtain some form of improper benet. It also includes
falsifying documents such as employee credentials.
Which one of the following is correct about risk assessment procedures related to fraud by the external auditor?
A. The auditor shall make inquiries of management, and others within the entity as appropriate, to determine whether they have knowledge of any actual, suspected or alleged fraud affecting the entity.
B. The auditor shall not evaluate any unusual or unexpected relationships that have been identified in performing analytical procedures which may indicate risks of material misstatement due to fraud.
C. The auditor shall make inquiries of top management only as appropriate, to determine whether they have knowledge of any actual, suspected or alleged fraud affecting the entity.
D. The auditor has no duty to identify fraud in the organisation, hence no inquiries are required.
Answer: A

NEW QUESTION: 3
You are using heuristic SAP_ERP_001. Which of the following criteria are included in the automatic
source determination logic when a planned order is created?
Please choose the correct answer.
Response:
A. Costs
B. Vendor rating
C. Delivery date
D. Quota arrangement
E. Component availability
Answer: D


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