Question 1
Falk Noam is the internal auditor for Matan Incorporated. Before investigating the HRM / payroll cycle at Matan, Falk decided to read up on the proper segregation of duties regarding payroll disbursement processes. For strongest segregation of duties, the ________ should periodically observe the paycheck distribution process.
◦ accounts payable department
◦ cashier
◦ internal audit department
◦ external auditor
Question 2
Form 941
◦ is filed each quarter to reconcile monthly tax payments with total tax liability for the quarter.
◦ is used in preparing labor-related reports for government agencies.
◦ is used for employee information and annual payroll reports.
◦ is used to document compliance with applicable regulations.