Effective internal control over the payroll function would include which of the following?
A)Total time recorded on time clock cards should be reconciled to job reports by employees responsible for those specific jobs.
B)Payroll department employees should be supervised by the management of the personnel department.
C)Payroll department employees should be responsible for maintaining employee personnel records.
D)Total time spent on jobs should be compared with total time indicated on time clock punch cards.

Question

Effective internal control over the payroll function would include which of the following?
A)Total time recorded on time clock cards should be reconciled to job reports by employees responsible for those specific jobs.
B)Payroll department employees should be supervised by the management of the personnel department.
C)Payroll department employees should be responsible for maintaining employee personnel records.
D)Total time spent on jobs should be compared with total time indicated on time clock punch cards.

Quizplus · Accepted Answer

Effective internal control over the payroll function often includes comparing total time spent on jobs with the total time indicated on time clock punch cards. This helps ensure that the hours worked, as recorded by employees, match the hours for which they are paid, thereby preventing discrepancies or potential fraud. Options A, B, and C do not represent best practices for maintaining segregation of duties and ensuring accuracy and security in payroll processing.

Effective Internal Control Over the Payroll Function Would Include Which