The Perry office sees a payment-fraud risk: urgent payment instruction from an unknown sender. Which control should be used before payment changes are accepted?
Correct Answer
D) fraud review hold
Payment change controls should verify the request through an independent path before money is released.
Why This Is the Correct Answer
Payment change controls should verify the request through an independent path before money is released.
Why the Other Options Are Wrong
Option A: open bid tab
open bid tab skips the written authority, scope, price, notice, or release control needed for payment-fraud control.
Option B: close daily report
close daily report skips the written authority, scope, price, notice, or release control needed for payment-fraud control.
Option C: renew equipment tag
renew equipment tag skips the written authority, scope, price, notice, or release control needed for payment-fraud control.
Memory Technique
When payment clashes with change, let the contract speak before Controller Strengthens.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Payment-Fraud Controls; confirm the administrative procedure and required supporting record.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
The Haines City superintendent is tracking possible added scope. The issue is: added scope must be separated before pricing. Which field record is best?
Next Question
The Palm Harbor accounting system review finds this access issue: shared login used for invoice approval. What administrative control should be applied?