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Author Question: Which control would be most appropriate to address the problem of inaccurate payroll processing? (Read 216 times)

moongchi

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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.


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Marked as best answer by moongchi on Apr 8, 2019

eliasc0401

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moongchi

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


xthemafja

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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