Multiple Choice
Which of the following is NOT a benefit of the electronic transfer of payroll funds?
A) Ensures the timely deposit of funds into employee bank accounts
B) Eliminates the need for an independent paymaster
C) Removes the need for bank statement reconciliations
D) Saves time and check-cashing fees for employees
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Internal control activities within the payroll process,
Q9: Which of the following correctly lists the
Q10: In meeting the control objective of safeguarding
Q11: Which of the following would be a
Q12: Internal control activities within the payroll process,
Q14: Explain why and how duties are segregated
Q15: There are a number of ways that
Q16: The purpose of segregating the duties of
Q17: Routine business transactions would include which of
Q18: Which of the following is not an