Exam 9: Human Resources and Payroll Processes

International Machine (IM) recently discovered internal fraud related to payroll checks. Currently, IM has the HR department process payroll checks since they possess the data required to accurately calculate the checks. What change would you recommend to IM to prevent payroll check fraud in the future?

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Question 1

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IM should process payroll in the accounting department. While HR owns and manages the data necessary for payroll check processing, the accounting department should process the payroll checks to ensure proper segregation of duties between HR and the accounting department.

Discuss the advantages for a company to pursue a higher level of maturity and integrate the information systems for payroll processes.

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An integrated system includes a single source for HR and payroll data. The single source reduces redundancy and as a result improves data quality. Efforts are minimized for data collection and entry, and access to data is streamlined providing quick access to the HR department and to department managers and supervisors.

Jameson, an HR employee at TYR Enterprises, recently completed training in data analytics. Jameson wants to use his new skillset to analyze employee exit interview data to discover trends that could be discussed during the quarterly HR trainings conducted with departmental managers. What types of employee termination analytics could Jameson perform that would be beneficial to share with departmental managers?

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Jameson could conduct a trend analysis of reasons provided during exit interviews for voluntary terminations to identify ongoing issues. Jameson could also analyze employee termination reports by drilling down into data to create turnover metrics by department and or supervisors. This analysis could help departmental managers understand and prevent employee turnover, thereby reducing overall employee turnover risk for TYR.

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention?

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Question 4

Compensating employees is a business process that results in

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Question 5

Which department owns the data used for payroll processing?

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Question 6

What type of employee onboarding analytics may identify issues in the onboarding process?

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Question 7

Which department should an employee consult to ask questions about withholdings on a paycheck?

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Question 8

What type of employee onboarding analytics may yield identification of skillset gaps among new hires?

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Question 9

A violation of employment laws for hiring could result in lawsuits, fines, or reputational damage. What kind of control activity might a company initiate to prevent such a risk?

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Question 10

If the accounting department handles payroll, why would a company need a human resources (HR) department?

(Multiple Choice)

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Question 11

Many large accounting firms onboard groups of new hires together. The onboarding process includes several weeks of training together. In what way can this type of onboarding be beneficial to the firm?

(Multiple Choice)

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Question 12

Viktoria suggests that the Well Market human resources (HR) department needs to become more innovative in retaining employees. They suggest that remote work or rotations might entice employees to maintain their status at Well Market and reduce the costs associated with hiring and training new staff. To administer either program, Well Market's HR department needs to either hire more staff or find a way to manage more work with the same sized team. Choose the best option for Viktoria and the Well Market HR team?

(Multiple Choice)

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Question 13

Which statement concerning employee onboarding analytics is TRUE?

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Question 14

For which of the following reasons should HR be involved with the process of firing an employee?

(Multiple Choice)

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Question 15

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify ongoing corporate issues?

(Multiple Choice)

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Question 16

At what point in the employee termination process is data collected from the exiting employee?

(Multiple Choice)

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Question 17

Josephine joined a Big 4 accounting firm as an intern for the summer. Josephine's final project involved evaluating the firm's employee termination control activities with a goal of developing additional control activities to prevent unnecessary financial losses for the firm. Which of the following control activities might Josephine suggest that will prevent financial loss?

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Question 18

As a high fraud-risk area, payroll data is used to conduct fraud tests. Which of the following is a fraud test for ghost employees?

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Question 19

Which of the following would not be considered an input to a business?

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Question 20

Showing 1 - 20 of 100

Discuss the advantages for a company to pursue a higher level of maturity and integrate the information systems for payroll processes.

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention?

Compensating employees is a business process that results in

Which department owns the data used for payroll processing?

What type of employee onboarding analytics may identify issues in the onboarding process?

Which department should an employee consult to ask questions about withholdings on a paycheck?

What type of employee onboarding analytics may yield identification of skillset gaps among new hires?

A violation of employment laws for hiring could result in lawsuits, fines, or reputational damage. What kind of control activity might a company initiate to prevent such a risk?

If the accounting department handles payroll, why would a company need a human resources (HR) department?

Many large accounting firms onboard groups of new hires together. The onboarding process includes several weeks of training together. In what way can this type of onboarding be beneficial to the firm?

Which statement concerning employee onboarding analytics is TRUE?

For which of the following reasons should HR be involved with the process of firing an employee?

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify ongoing corporate issues?

At what point in the employee termination process is data collected from the exiting employee?

As a high fraud-risk area, payroll data is used to conduct fraud tests. Which of the following is a fraud test for ghost employees?

Which of the following would not be considered an input to a business?

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