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Author Question: Which of the following control can reduce the distribution of fraudulent paychecks? (Read 57 times)

evelyn o bentley

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Question 1

Why is a separate payroll account used to clear payroll checks?
◦ For internal control purposes, to help limit any exposure to loss by the company.
◦ To make bank reconciliation easier.
◦ To separate payroll and expense checks.
◦ All of these are correct.

Question 2

Which of the following control can reduce the distribution of fraudulent paychecks?
◦ Have internal audit investigate unclaimed paychecks.
◦ Allow department managers to investigate unclaimed paychecks.
◦ Immediately mark "void" across all unclaimed paychecks.
◦ Match up all paychecks with time cards.


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Marked as best answer by evelyn o bentley on Apr 8, 2019

batool

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evelyn o bentley

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Reply 2 on: Apr 8, 2019
YES! Correct, THANKS for helping me on my review


atrochim

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Reply 3 on: Yesterday
Excellent

 

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