Certified Fraud Examiner (CFE) — Question 26

Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:

Answer options

• A. Check disbursement
• B. Bank confirmation
• C. Bank confirmation
• D. Cut-off statements

Correct answer: C

Explanation

The correct answer is C, as verifying documentation for outstanding checks is part of the bank confirmation process to ensure accuracy in financial records. Options A and D do not pertain to the verification of outstanding checks, and option B is a repeat of C, which is already the correct response.