For each question have a corresponding error or fraud that could result from a c

Question

For each question have a corresponding error or fraud that could result from a control weakness that could occur because of the absence of the control:

is the payroll register sheet signed by the employee preparing it and approved prior to payment?

are checks distributed by someone other than the employees' immediate supervisor?

are unclaimed wages deposited in a special bank account or otherwise controlled by a responsible officer?

are payrolls audited periodically by internal auditors?

do payroll accounting personnelhave instructions for classifying payroll debit entries?

are monthly, quarterly, and annual wage accruals reviewed by ana ccoutning officer?

Explanation / Answer

Answer:

Particulars Control is the payroll register sheet signed by the employee preparing it and approved prior to payment? Preventive/Detective are checks distributed by someone other than the employees' immediate supervisor? Preventive are unclaimed wages deposited in a special bank account or otherwise controlled by a responsible officer? Preventive are payrolls audited periodically by internal auditors? Detective do payroll accounting personnelhave instructions for classifying payroll debit entries? Preventive are monthly, quarterly, and annual wage accruals reviewed by ana ccoutning officer? Detective

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.