Author Question: Which of the following is a control that can be implemented to help prevent paychecks being issued ... (Read 27 times)

ts19998 · **on:** Apr 8, 2019

Question 1

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system. What is an applicable control that can help prevent this event from occurring in the future?
◦ Proper segregation of duties.
◦ Automation of data collection.
◦ Sound hiring procedures.
◦ Review of appropriate performance metrics.

Question 2

Which of the following is a control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?
◦ The cashier should sign all payroll checks.
◦ Sequentially prenumber all payroll checks.
◦ Use an imprest account to clear payroll checks.
◦ Paychecks should be physically distributed by someone who does not authorize time data or record payroll.

tranoy · **Reply #1 on:** Apr 8, 2019

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