Describe an internal control procedure that would prevent an employee from punching the time clock for another, absent employee.Select one:a.mail final paychecks to terminated employees.b.supervision of the time clock at the start of the shiftc.Both of the choicesd.using a paymaster to distribute paychecks to employees in person.
Question
Describe an internal control procedure that would prevent an employee from punching the time clock for another, absent employee.Select one:a.mail final paychecks to terminated employees.b.supervision of the time clock at the start of the shiftc.Both of the choicesd.using a paymaster to distribute paychecks to employees in person.
Solution
The best internal control procedure to prevent an employee from punching the time clock for another, absent employee would be option b. Supervision of the time clock at the start of the shift. This would ensure that only the employees who are
Similar Questions
Describe an internal control procedure that would prevent a supervisor from stealing the unclaimed paychecks of employees who have been terminated.Select one:a.mail final paychecks to terminated employees.b.Both of the choicesc.using a paymaster to distribute paychecks to employees in person.d.None of the Choices
Why should employees clocking on and off the job be supervised.Select one:a.clocking the time cards of absent employees and By supervising the clocking in and out process, this fraud can be reduced or eliminated.b.By supervising the clocking in and out process, this fraud can be reduced or eliminated.c.A form of payroll fraud involves employees clocking the time cards of absent employees.d.A form of payroll fraud involves a supervisor submitting fraudulent time cards for nonexistent employees.
With regard to internal controls, which of thefollowing would generally not be considered an internal control for payroll.0 / 1 pointUse of time cardsPasswords to log into computersIdentification cards to record when employees start and end a job task
To improve internal control, paychecks should be distributed by the employee's supervisor.Select one:TrueFalse
Given enough time and resources, any preventive control can be breached. What could stop this from happening?Select answer from the options belowUsing internal controlsUsing segregation of dutiesUsing a time-based modelUsing a security system
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.