Question 1

Highly valuable data is collected during the exit interview. What types of employee termination reports might be valuable for review?

Accepted Answer

A)  Number of completed employee terminations 
B)  Number of each type of employee terminations 
C)  Turnover rate 
D)  All of these answer choices are correct. 
A)  Number of completed employee terminations 
B)  Number of each type of employee terminations 
C)  Turnover rate 
D)  All of these answer choices are correct.

Question 2

As a risk advisory consultant, you are asked to evaluate and recommend improvements for the employee onboarding process for Swiftly Tech. During your evaluation you discover that Swiftly Tech's employee data was part of a data breach from a third-party background check provider. What action do you recommend that Swiftly Tech take?

Accepted Answer

A)  Swiftly Tech should forgo background checks to avoid sharing confidential employee data with other companies. 
B)  Swiftly Tech should require background check providers to have their own internal controls to ensure confidentiality and security of data. 
C)  Swiftly Tech should require employees to acquire and provide their own background check data. 
D)  All of these answer choices are correct. 
A)  Swiftly Tech should forgo background checks to avoid sharing confidential employee data with other companies. 
B)  Swiftly Tech should require background check providers to have their own internal controls to ensure confidentiality and security of data. 
C)  Swiftly Tech should require employees to acquire and provide their own background check data. 
D)  All of these answer choices are correct.

Question 3

What role in a company should be responsible for ensuring that employee onboarding processes are efficient and effective?

Accepted Answer

A)  Payroll manager 
B)  Hiring department manager 
C)  Employee relations manger 
D)  Human resources manager 
A)  Payroll manager 
B)  Hiring department manager 
C)  Employee relations manger 
D)  Human resources manager

Question 4

The human resources (HR) business function is responsible for all employees and employee-related operations, including

Accepted Answer

A)  recruiting and hiring employees. 
B)  training and developing employees. 
C)  transitioning employees. 
D)  All of these answer choices are correct. 
A)  recruiting and hiring employees. 
B)  training and developing employees. 
C)  transitioning employees. 
D)  All of these answer choices are correct.

Question 5

As a risk advisory consultant, you are asked to review a company's employee onboarding process. What should you ask for to begin your evaluation?

Accepted Answer

A)  Process flowchart 
B)  Onboarding documentation 
C)  Appointments to meet with employees 
D)  All of these answer choices are correct. 
A)  Process flowchart 
B)  Onboarding documentation 
C)  Appointments to meet with employees 
D)  All of these answer choices are correct.

Question 6

A regional accounting firm with locations in 7 states hired Ana as an HR risk advisory consultant. The firm is concerned with the high employee turnover rate in some areas in certain states and has asked Ana to evaluate the situation. Ana has discovered there is no specified employee onboarding process. List the included elements Ana should provide to the firm for the employee onboarding process.

Accepted Answer

1) HR department extends offer letters o

Question 7

Which of the following is NOT an advantage to integrating the information system for HR and payroll processing?

Accepted Answer

A)  Creating a single source for HR and payroll data 
B)  Minimizing efforts for data collection 
C)  Ability to generate user buy-in 
D)  Providing streamlined access to data 
A)  Creating a single source for HR and payroll data 
B)  Minimizing efforts for data collection 
C)  Ability to generate user buy-in 
D)  Providing streamlined access to data

Question 8

Human resources are one of the most important

Accepted Answer

A)  outputs from a business. 
B)  inputs into a business. 
C)  collection processes in a business. 
D)  conversion processes in a business. 
A)  outputs from a business. 
B)  inputs into a business. 
C)  collection processes in a business. 
D)  conversion processes in a business.

Question 9

Which business process manages the removal of an employee from active employment status?

Accepted Answer

A)  Employee onboarding 
B)  Employee violation 
C)  Employee termination 
D)  Employee offboarding 
A)  Employee onboarding 
B)  Employee violation 
C)  Employee termination 
D)  Employee offboarding

Question 10

What type of control activity is implemented to prevent a terminated employee from using proprietary company information elsewhere?

Accepted Answer

A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview. 
A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview.

Question 11

Payroll for a business should be processed in which department?

Accepted Answer

A)  Accounting 
B)  Human resources 
C)  Sales 
D)  All of these answers are correct. 
A)  Accounting 
B)  Human resources 
C)  Sales 
D)  All of these answers are correct.

Question 12

What type of payroll processing control is designed to avoid fines associated with noncompliance with statutory requirements?

Accepted Answer

A)  Reconcile payroll and employee records. 
B)  Complete a payroll processing checklist for each pay period. 
C)  Controller reviews and signs payroll checks. 
D)  Reconcile payroll withholdings and the general ledger accounts. 
A)  Reconcile payroll and employee records. 
B)  Complete a payroll processing checklist for each pay period. 
C)  Controller reviews and signs payroll checks. 
D)  Reconcile payroll withholdings and the general ledger accounts.

Question 13

Public accounting firms often require terminated employees to exit on the same day as a resignation is submitted, even in the event of a voluntary termination. Why is the same-day exit necessary?

Accepted Answer

A)  Public accounting firms are required by accounting regulations to not allow employees to work after submitting a resignation. 
B)  Public accounting firms must prevent conflicts of interest if the employee has already accepted a job offer from a direct competitor. 
C)  Public accounting firms are required by HR standards to interview and escort ex-employees from the building and immediately terminate electronic access. 
D)  Public accounting firms must prevent ex-employees from discussing any company matters with others at the company after termination. 
A)  Public accounting firms are required by accounting regulations to not allow employees to work after submitting a resignation. 
B)  Public accounting firms must prevent conflicts of interest if the employee has already accepted a job offer from a direct competitor. 
C)  Public accounting firms are required by HR standards to interview and escort ex-employees from the building and immediately terminate electronic access. 
D)  Public accounting firms must prevent ex-employees from discussing any company matters with others at the company after termination.

Question 14

Which statement concerning employee onboarding is FALSE?

Accepted Answer

A)  Employee onboarding is the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company. 
B)  Employee onboarding includes the administrative process of establishing the new employee in the payroll and benefits systems. 
C)  Employee onboarding includes ensuring new hires are comfortable, facilitating socialization, and following up with the new-hire. 
D)  Employee onboarding starts on the employee's first day on the job and continues through the new-hire's first few weeks or months. 
A)  Employee onboarding is the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company. 
B)  Employee onboarding includes the administrative process of establishing the new employee in the payroll and benefits systems. 
C)  Employee onboarding includes ensuring new hires are comfortable, facilitating socialization, and following up with the new-hire. 
D)  Employee onboarding starts on the employee's first day on the job and continues through the new-hire's first few weeks or months.

Question 15

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues related to employees leaving after annual reviews, promotions, or bonuses?

Accepted Answer

A)  Trend analysis of reasons provided during exit interviews for voluntary terminations 
B)  Comparison of length of employment to feedback from onboarding activities 
C)  Time series analysis of seasonal trends in voluntary terminations 
D)  Drilling into employee termination reports by department and supervisors 
A)  Trend analysis of reasons provided during exit interviews for voluntary terminations 
B)  Comparison of length of employment to feedback from onboarding activities 
C)  Time series analysis of seasonal trends in voluntary terminations 
D)  Drilling into employee termination reports by department and supervisors

Question 16

A regional accounting firm with locations in 7 states hired Ana as an HR risk advisory consultant. The firm is concerned with the high employee turnover rate in some areas in certain states and has asked Ana to evaluate the situation. List the steps that Ana should take.

Accepted Answer

1) Ana should request a process flowchar

Question 17

Which of the following activities would be a responsibility of the human resources business function?

Accepted Answer

A)  Processing payroll 
B)  Accounting for benefit withholdings 
C)  Financing of inputs 
D)  Performance evaluations 
A)  Processing payroll 
B)  Accounting for benefit withholdings 
C)  Financing of inputs 
D)  Performance evaluations

Question 18

Which of the following is an example of employee onboarding analytics?

Accepted Answer

A)  Third-party background checks on new hires 
B)  Employee policy receipt acknowledgement and understanding certification 
C)  Ongoing training and engagement with employees 
D)  Comparison of new hire compensation to departmental budgets to identify variances 
A)  Third-party background checks on new hires 
B)  Employee policy receipt acknowledgement and understanding certification 
C)  Ongoing training and engagement with employees 
D)  Comparison of new hire compensation to departmental budgets to identify variances

Question 19

What type of payroll fraud is analyzed using the comparison of current payroll period wages with previous payroll periods?

Accepted Answer

A)  Unauthorized payroll adjustments 
B)  Ghost employees 
C)  Unauthorized payroll deposits 
D)  Duplicate employees 
A)  Unauthorized payroll adjustments 
B)  Ghost employees 
C)  Unauthorized payroll deposits 
D)  Duplicate employees

Question 20

Yakomoto hired Sumi to review ways the company could use their existing human resource (HR) department, whom all have great relationships with the existing employees, to help Yakomoto grow. Explain how Sumi and the HR department might use an outsourced model to focus on Yakomoto's growth.

Accepted Answer

Sumi could help Yakomoto find a suitable

Highly valuable data is collected during the exit interview. What types of employee termination reports might be valuable for review?

What role in a company should be responsible for ensuring that employee onboarding processes are efficient and effective?

The human resources (HR) business function is responsible for all employees and employee-related operations, including

As a risk advisory consultant, you are asked to review a company's employee onboarding process. What should you ask for to begin your evaluation?

Which of the following is NOT an advantage to integrating the information system for HR and payroll processing?

Human resources are one of the most important

Which business process manages the removal of an employee from active employment status?

What type of control activity is implemented to prevent a terminated employee from using proprietary company information elsewhere?

Payroll for a business should be processed in which department?

What type of payroll processing control is designed to avoid fines associated with noncompliance with statutory requirements?

Public accounting firms often require terminated employees to exit on the same day as a resignation is submitted, even in the event of a voluntary termination. Why is the same-day exit necessary?

Which statement concerning employee onboarding is FALSE?

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues related to employees leaving after annual reviews, promotions, or bonuses?

A regional accounting firm with locations in 7 states hired Ana as an HR risk advisory consultant. The firm is concerned with the high employee turnover rate in some areas in certain states and has asked Ana to evaluate the situation. List the steps that Ana should take.

Which of the following activities would be a responsibility of the human resources business function?

Which of the following is an example of employee onboarding analytics?

What type of payroll fraud is analyzed using the comparison of current payroll period wages with previous payroll periods?

Yakomoto hired Sumi to review ways the company could use their existing human resource (HR) department, whom all have great relationships with the existing employees, to help Yakomoto grow. Explain how Sumi and the HR department might use an outsourced model to focus on Yakomoto's growth.

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Emerging and Disruptive Technologies

Documenting Systems and Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters

Exam 9: Human Resources and Payroll Processes

Highly valuable data is collected during the exit interview. What types of employee termination reports might be valuable for review?

What role in a company should be responsible for ensuring that employee onboarding processes are efficient and effective?

The human resources (HR) business function is responsible for all employees and employee-related operations, including

As a risk advisory consultant, you are asked to review a company's employee onboarding process. What should you ask for to begin your evaluation?

Which of the following is NOT an advantage to integrating the information system for HR and payroll processing?

Human resources are one of the most important

Which business process manages the removal of an employee from active employment status?

What type of control activity is implemented to prevent a terminated employee from using proprietary company information elsewhere?

Payroll for a business should be processed in which department?

What type of payroll processing control is designed to avoid fines associated with noncompliance with statutory requirements?

Public accounting firms often require terminated employees to exit on the same day as a resignation is submitted, even in the event of a voluntary termination. Why is the same-day exit necessary?

Which statement concerning employee onboarding is FALSE?

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues related to employees leaving after annual reviews, promotions, or bonuses?

A regional accounting firm with locations in 7 states hired Ana as an HR risk advisory consultant. The firm is concerned with the high employee turnover rate in some areas in certain states and has asked Ana to evaluate the situation. List the steps that Ana should take.

Which of the following activities would be a responsibility of the human resources business function?

Which of the following is an example of employee onboarding analytics?

What type of payroll fraud is analyzed using the comparison of current payroll period wages with previous payroll periods?

Yakomoto hired Sumi to review ways the company could use their existing human resource (HR) department, whom all have great relationships with the existing employees, to help Yakomoto grow. Explain how Sumi and the HR department might use an outsourced model to focus on Yakomoto's growth.

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Emerging and Disruptive Technologies

Documenting Systems and Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters