7. Which of the following documents is no longer needed if a company uses the evaluated receipts system (ERS) with its suppliers?

a) Purchase Order b) No answer text provided. c) Receiving Report d) Supplier Invoice

8. The control procedure of prohibiting employees from accepting gifts is designed to reduce the risk of _________________________

a) Stockouts b) Kickbacks c) Fraudulent cash disbursements

9. The control procedure of cancelling the documents in a voucher package is designed to reduce the risk of ______________________

a) Paying for items not received b) Making duplicate payments c) Fraudulent cash disbursements

10. Which of the following control procedures is designed to reduce the risk of check alteration fraud?

a) Establishing Positive Pay arrangements with banks b) Use of dedicated computer and browser for online banking c) ACH blocks on accounts not used for payments