Exam 15: The Human Resources Management and Payroll Cycle

A payroll clearing account is used to

Falk Noam is the internal auditor for Matan Incorporated.Before investigating the HRM / payroll cycle at Matan,Falk decided to read up on the proper segregation of duties regarding payroll disbursement processes.For strongest segregation of duties,the ________ should record payroll.

The employer pays a portion of some payroll taxes and employee benefits.Both the employee and employer pay which benefit or tax listed below?

The threat of violation of employment laws relates directly to which activity?

Which organization provides payroll processing as well as other HRM services,like employee benefit design and administration?

The document that lists each employee's gross pay,payroll deductions,and net pay in a multicolumn format is called

Who does the payroll system issue checks to?

Identify the item below that is not a desired result of an employee bonus system.

All of the following are controls that should be implemented in a payroll process,except

Payroll deductions fall into the broad categories of ________ and ________.

Batch processing continues to be widely used to process payroll transactions.

Why are accurate cumulative earnings records important?

Explain benefits to companies and to employees using electronic direct deposit for payroll.

An effective way an organization can eliminate paper paychecks while maintaining adequate accounting records is to

What is a potential threat to the specific activity of payroll processing?

What controls are available to address the threat of payroll errors?

Explain the functions of the payroll register,deduction register,and earnings statement.

Experts estimate that,on average,the costs associated with replacing an employee are about ________ the employee's annual salary.

Source data automation is often effective in reducing

For the payroll register below,all the following data entry controls would be useful except