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IOFM APS Exam With Confidence Using Practice Dumps

Exam Code:
APS
Exam Name:
Accredited Payables Specialist (APS) Certification Exam
Vendor:
Questions:
100
Last Updated:
Jun 30, 2025
Exam Status:
Stable
IOFM APS

APS: Accounts Payable Certification Exam 2025 Study Guide Pdf and Test Engine

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Accredited Payables Specialist (APS) Certification Exam Questions and Answers

Question 1

Which party is responsible for providing 1099 information for P-card transactions to the IRS?

Options:

A.

Merchant

B.

Card issuer

C.

Card user

D.

Accounts payable

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Question 2

Where circumstances do not permit implementing ideal controls, an organization should put in place the next-best alternative, commonly referred to as:

Options:

A.

Interim controls

B.

Stop-gap controls

C.

Secondary controls

D.

Compensating controls

Question 3

What is the current thinking regarding automation of T&E expense handling, reporting, and reimbursement?

Options:

A.

While automation can be helpful, T&E processing still requires a lot of manual work

B.

It opens too many loopholes for unauthorized expenses to sneak through

C.

T&E automation solutions are still too new to evaluate accurately

D.

It reduces processing costs, thereby increasing efficiency in handling T&E data