Question 1
Which of the following is
not a potential effect of inaccurate data on employee time cards?
◦ Increased labor expenses.
◦ Erroneous labor expense reports.
◦ Damaged employee morale.
◦ Inaccurate calculation of overhead costs.
Question 2
Which control would be
most appropriate to address the problem of inaccurate payroll processing?
◦ Segregation of duties: HRM department updates master data, but only payroll department issues paychecks.
◦ Redepositing unclaimed paychecks and investigating cause.
◦ Cross-footing of the payroll register.
◦ An imprest payroll checking account.