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WorksheetsSIA W7
Total questions: 9
Worksheet time: 5mins
Which of the following is not a task performed in the human resource management (HRM)/ payroll cycle?
recruiting and hiring new employees
training
job assignment
access right management
Which of the following is not a general threat to the HRM/payroll cycle?
inaccurate employee master data
unauthorized disclosure of sensitive information
loss or destruction of master data
poor product design
Which document lists the current amount and year-to-date totals of gross pay, deductions, and net pay for one employee?
payroll register
time card
paycheck
earnings statement
HRM department is responsible for updating the payroll master database for internally initiated changes related to employment.
True
False
Many companies use a _________ to record daily arrival and departure times of the employees who are paid on an hourly basis.
time card
time sheet
punch card
entry card
Which department should have responsibility for authorizing pay-rate changes?
timekeeping
payroll
HRM
accounting
To maximize effectiveness of internal controls over payroll, which of the following persons should be responsible for distributing employee paychecks?
departmental secretary
payroll clerk
controller
departmental supervisor
Which of the following controls reduce the risk of issuing paychecks to a “phantom” or “ghost” employee?
Restrict physical access to blank paychecks
Prenumber all payroll checks
Use an imprest account to clear payroll checks
All of the above
None of the above
The purpose of issuing earnings statements to employees is to mitigate the risk of
Unauthorized changes to payroll master data
Errors in processing payroll
Theft or fraudulent distribution of paychecks
Untimely payments
