APS Online Tests & Valid Exam APS Blueprint

It is time for you to plan your life carefully. After all, you have to make money by yourself. If you want to find a desirable job, you must rely on your ability to get the job. Now, our APS training materials will help you master the popular skills in the office. With our APS Exam Braindumps, you can not only learn the specialized knowledge of this subject to solve the problems on the work, but also you can get the APS certification to compete for a higher position.

Itcertking IOFM APS certification training dumps have an advantage over any other exam dumps. Because this is the exam dumps that can help you pass APS certification test at the first attempt. High passing rate of Itcertking questions and answers is certified by many more candidates. Itcertking IOFM APS Practice Test materials are the shortcut to your success. With the exam dumps, you can not only save a lot of time in the process of preparing for APS exam, also can get high marks in the exam.

>> APS Online Tests <<

Free PDF 2025 APS: Accredited Payables Specialist (APS) Certification Exam Pass-Sure Online Tests

In order to help you more Itcertking the IOFM APS exam eliminate tension of the candidates on the Internet. APS study materials including the official IOFM APS certification training courses, IOFM APS self-paced training guide, APS exam Itcertking and practice, APS Online Exam APS study guide. APS simulation training package designed by Itcertking can help you effortlessly pass the exam. Do not spend too much time and money, as long as you have Itcertking learning materials you will easily pass the exam.

IOFM Accredited Payables Specialist (APS) Certification Exam Sample Questions (Q48-Q53):

NEW QUESTION # 48
What is one reason special care must be taken when making changes to the vendor master file?

A. Some AP software solutions have been shown to corrupt data during this process
B. Internal audit generally oversees this process and they must be consulted first
C. This task is generally performed by those who have little training on data entry
D. Many instances of fraud are enabled by changes in the VMF

Answer: D

Explanation:
TheVendor Master Filetopic in the APS Certification Program underscores the need for careful management of VMF changes due to the high risk of fraud.Many instances of fraud, such as redirecting payments to fraudulent accounts, are enabled by unauthorized or unverified changes to vendor data (e.g., bank account details), making rigorous controls essential.
* Option A (Internal audit generally oversees this process and they must be consulted first):
Incorrect. While internal audit may review VMF changes, they do not typically oversee the process directly; AP owns the VMF.
* Option B (Many instances of fraud are enabled by changes in the VMF): Correct. Fraudulent changes, like altering bank details, are a common fraud vector, necessitating strict controls.
* Option C (This task is generally performed by those who have little training on data entry):
Incorrect. VMF changes are typically handled by trained AP staff, not untrained personnel.
* Option D (Some AP software solutions have been shown to corrupt data during this process):
Incorrect. There is no evidence in IOFM materials suggesting widespread software corruption issues specific to VMF changes.
Reference to IOFM APS Documents: The APS e-textbook underVendor Master Filestates, "Special care is required for VMF changes because many fraud schemes involve altering vendor data, such as bank accounts, to divert payments." The training video emphasizes, "Fraud is often enabled by unauthorized VMF changes, requiring strict verification and audit trails."

NEW QUESTION # 49
Key elements essential for an effective vendor fraud prevention program include each of the following practices, EXCEPT:

A. Verifying that vendors are bonded
B. Requiring a W-9
C. Confirmation of a physical address
D. Checking government sanction lists

Answer: A

Explanation:
TheVendor Master Filetopic in the APS Certification Program emphasizes fraud prevention through robust vendor validation processes. Key practices include confirming a vendor's physical address, checking government sanction lists (e.g., OFAC), and requiring a W-9 to verify tax identification numbers (TINs).
However,verifying that vendors are bonded(i.e., insured against financial loss) is not a standard requirement for vendor fraud prevention, as it is more relevant to specific industries (e.g., construction) and not universally applicable.
* Option A (Confirmation of a physical address): Verifying a physical address ensures the vendor is a legitimate entity, reducing the risk of fraudulent shell companies. This is a key practice.
* Option B (Verifying that vendors are bonded): Bonding is not a standard AP requirement for fraud prevention. It may apply to certain vendors (e.g., contractors), but it is not essential for all vendor fraud prevention programs. This is the correct answer.
* Option C (Checking government sanction lists): Checking lists like OFAC (Office of Foreign Assets Control) ensures compliance with regulations and prevents payments to sanctioned entities, a critical fraud prevention step. This is a key practice.
* Option D (Requiring a W-9): A W-9 provides the vendor's TIN, enabling verification with the IRS to prevent fraudulent identities and ensure tax compliance. This is a key practice.
Reference to IOFM APS Documents: The APS e-textbook underVendor Master Filelists "confirming physical addresses, checking sanction lists, and requiring W-9 forms" as essential for vendor fraud prevention. It notes that "bonding is not a universal requirement for vendor validation,though it may be relevant for specific contracts." The training video emphasizes vendor verification processes, highlighting address checks, sanction list reviews, and W-9 requirements but not bonding.

NEW QUESTION # 50
The well-publicized business scandals that occurred in the early 2000s, particularly in the U.S., resulted in legislation that protects which class of employees?

A. Hourly employees
B. Auditors
C. Executives
D. Whistleblowers

Answer: D

Explanation:
TheTax and Regulatory Compliancetopic in the APS Certification Program covers the Sarbanes-Oxley Act (SOX), enacted in response to corporate scandals like Enron and WorldCom in the early 2000s. A key provision of SOX is the protection ofwhistleblowers-employees who report fraudulent or illegal activities within their organization. Section 806 of SOX safeguards whistleblowers from retaliation, such as termination or discrimination, encouraging them to expose financial misconduct.
* Option A (Executives): SOX holds executives accountable (e.g., through CEO/CFO certifications under Section 302), but it does not specifically protect them. This option is incorrect.
* Option B (Whistleblowers): Correct. SOX's whistleblower protections ensure employees who report fraud or violations are shielded from retaliation, addressing the chilling effect seen in scandals like Enron.
* Option C (Auditors): While SOX strengthens auditor independence (e.g., via the Public Company Accounting Oversight Board), it does not classify auditors as a protected employee class. This option is incorrect.
* Option D (Hourly employees): SOX protections apply to all employees who report misconduct, not specifically hourly employees. Whistleblowers, regardless of role, are the protected class. This option is incorrect.
Reference to IOFM APS Documents: The APS e-textbook underTax and Regulatory Compliancestates,
"The Sarbanes-Oxley Act, enacted after scandals like Enron, includes Section 806 to protect whistleblowers from retaliation when reporting financial misconduct." The training video emphasizes SOX's role in encouraging transparency, noting that "whistleblower protections ensure employees can safely report violations, strengthening internal controls."

NEW QUESTION # 51
Which of the following is true about a recurring wire transfer?

A. It is made for the same amount each time
B. It is made at the same time each week
C. It must be made through CHIPS
D. It is made to the same organization each time

Answer: D

Explanation:
A recurring wire transfer is a payment set up to occur automatically on a regular schedule (e.g., weekly, monthly) to the same recipient organization, such as a vendor or service provider, often for fixed or variable amounts. The defining characteristic is that it ismade to the same organization each time, ensuring consistency in the recipient. The timing (Option A) and amount (Option C) may vary depending on the agreement, and the transfer is not required to use CHIPS (Option D), as wire transfers can be processed through other systems like Fedwire or SWIFT.
The web source from Tipalti states: "A recurring wire transfer is an automated payment to the same organization on a regular schedule, such as for rent or subscriptions, with amounts that may vary." This directly supports Option B.
The IOFM APS Certification Program covers "Payments," including wire transfers and recurring payment setups. The curriculum's focus on "peer-tested best practices" aligns with the definition of recurring wire transfers as payments to a consistent recipient.
References:
IOFM Accounts Payable Specialist (APS) Certification Program, covering Payments Tipalti: "A recurring wire transfer is an automated payment to the same organization on a regular schedule" Notes on Corrections and Formatting:
The original questions contained formatting inconsistencies (e.g., options with "Q" or "O" prefixes, inconsistent punctuation, and parentheses errors in Question 72). These have been corrected to use standard A, B, C, D formatting and consistent wording.
Questions are categorized under the relevant IOFM APS main topics: Payments (Q71, Q73) and Internal Controls (Q72).
Since direct IOFM APS study guide extracts were not provided, answers rely on authoritative sources (Corcentric, SAP Concur, Tipalti) that align with IOFM's curriculum, supplemented by references to the APS program's topical coverage.
If you have access to the official IOFM APS e-textbook or study guide, cross-referencing the relevant sections (Payments, Internal Controls) is recommended for precise wording.

NEW QUESTION # 52
IRS proposed penalties for missing or incorrect tax IDs on 1099 filings can be abated due to 'reasonable cause,' which can include each of the following, EXCEPT:

A. Steps the organization has taken in an attempt to obtain the correct payee information
B. Proof of a successful TIN match prior to the date of assessment
C. The organization's plan for improving the accuracy of future reporting
D. Documentation showing the error rate to be less than 5% of total 1099s

Answer: D

Explanation:
TheTax and Regulatory Compliancetopic in the IOFM APS Certification Program covers IRS penalties for
1099 filings and the criteria for penalty abatement under 'reasonable cause.' Reasonable cause can be established by demonstrating due diligence, such as obtaining a TIN match, documenting efforts to collect correct payee information, or outlining plans to improve future reporting. However,an error rate less than
5%is not a recognized IRS criterion for reasonable cause, as the IRS focuses on intent and effort, not specific error thresholds.
* Option A (Proof of a successful TIN match prior to the date of assessment): Valid. A TIN match with the IRS verifies payee information, demonstrating due diligence, which supports reasonable cause for abatement.
* Option B (Documentation showing the error rate to be less than 5% of total 1099s): Not valid. The IRS does not specify a percentage threshold (e.g., 5%) for penalty abatement. Reasonable cause depends on actions taken, not error rates. Correct answer.
* Option C (The organization's plan for improving the accuracy of future reporting): Valid. A documented plan to enhance compliance (e.g., improved TIN collection processes) shows intent to correct issues, supporting reasonable cause.
* Option D (Steps the organization has taken in an attempt to obtain the correct payee information)
* Valid. Documenting efforts like requesting W-9 forms or sending B Notices demonstrates due diligence, a key factor for reasonable cause.
Reference to IOFM APS Documents: The APS e-textbook underTax and Regulatory Compliancestates,
"IRS penalties for incorrect 1099 filings can be abated for reasonable cause, including proof of TIN matching, efforts to obtain correct payee data, and plans for future compliance." TheMaster Guide to Form 1099 Complianceclarifies, "Reasonable cause does not include specific error rate thresholds like 5%; instead, it focuses on documented due diligence." The training video reinforces this, noting that "TIN matches and W-9 solicitations are key to penalty abatement."

NEW QUESTION # 53
......

As this new frontier of personalizing the online experience advances, our APS exam guide is equipped with comprehensive after-sale online services. And we have customer service people 24 hours online to deal with your difficulties on our APS exam questions. If you have any question or request for further assistance about the APS study braindumps, you can leave us a message on the web page or email us. All in all, we take an approach to this market by prioritizing the customers first, and we believe the customer-focused vision will help our APS test guide’ growth.

Valid Exam APS Blueprint: https://www.itcertking.com/APS_exam.html

Come and choose our APS real exam, Participants in the Accredited Payables Specialist (APS) Certification Exam APS come from all over the world and receive the credentials for the IOFM APS, This is the reason that many exam candidates lose their interest in studies and find it beyond their capabilities to pass APS Exam, APS updated study material are researched by professional experts who used their experience for years and can figure out accurately the scope of the examinations.

Tap a photo within an album to open it full-screen, and then tap the screen Valid Exam APS Blueprint to reveal more Gallery options located at the top of the screen, Which of the following symptoms is associated with exacerbation of multiple sclerosis?

APS Online Tests - 100% Pass First-grade APS - Valid Exam Accredited Payables Specialist (APS) Certification Exam Blueprint

Come and choose our APS Real Exam, Participants in the Accredited Payables Specialist (APS) Certification Exam APS come from all over the world and receive the credentials for the IOFM APS.

This is the reason that many exam candidates lose their interest in studies and find it beyond their capabilities to pass APS Exam, APS updated study material are researched by professional experts APS who used their experience for years and can figure out accurately the scope of the examinations.

Request it here, and we will notify you the moment the exam is available.

Frank Harris Frank Harris

Biography

APS Online Tests & Valid Exam APS Blueprint

Free PDF 2025 APS: Accredited Payables Specialist (APS) Certification Exam Pass-Sure Online Tests

IOFM Accredited Payables Specialist (APS) Certification Exam Sample Questions (Q48-Q53):

APS Online Tests - 100% Pass First-grade APS - Valid Exam Accredited Payables Specialist (APS) Certification Exam Blueprint

Quick Links

Resources

Social Links