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CTP · Question #217
CTP Question #217: Real Exam Question with Answer & Explanation
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Question
- (Topic 3) The treasury manager of an auto-parts manufacturer has noticed that checks were sent to a foreign individual not on the approved vendor list. The payables manager has explained the payments but did not provide an invoice. The treasury manager did no further research and is later disciplined for:
Options
- Anot reporting suspicious activity under the USA Patriot Act.
- Bnot purchasing enough surety insurance.
- Cignoring International Accounting Standards Board regulations.
- Dnot implementing "Check 21."
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