Multiple Choice
A large retail enterprise has established a policy that requires that the paymaster deliver all unclaimed payroll checks to the Internal Auditing Department at the end of each payroll distribution day. This policy was most likely adopted in order to
A) Assure that employees who were absent on a payroll distribution day are not paid for that day.
B) Prevent the paymaster from cashing checks that are unclaimed for several weeks.
C) Prevent a bona fide employee's check from being claimed by another employee.
D) Detect any fictitious employee who may have been placed on the payroll.
Correct Answer:

Verified
Correct Answer:
Verified
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Q48: Which of the following internal control activities
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Q50: In testing the payroll of a large
Q55: All of the following are incorporated into
Q56: A substantive test of transactions to test
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