Which of the following is not a major risk in the payroll cycle?
A)paying fictitious employees
B)incorrect accounting of costs and expenses
C)overpayment for time and production
D)paying employees more than the market rate

Question

Quizplus · Accepted Answer

Paying employees more than the market rate may be an issue for the company's budget and financial performance, but it is not a major risk in the payroll cycle, which primarily deals with the accuracy and security of paying employees for their work. The other options listed all pose significant risks in the payroll cycle, including potential fraud, misallocation of funds, and compliance violations.

Which of the Following Is Not a Major Risk in the Payroll