The reconciliation of time sheets with production reports for work-in-process and finished inventories minimizes the related risk of all of the following EXCEPT:
A)Omitted or duplicate payroll transactions
B)Timing issues
C)Incorrect amounts
D)Lost or stolen inventory

Question

Quizplus · Accepted Answer

The reconciliation of time sheets with production reports helps to manage the risk of errors related to payroll and inventory. However, it does not directly address the risk of lost or stolen inventory, which requires separate controls such as security measures and inventory tracking systems.

The Reconciliation of Time Sheets with Production Reports for Work-In-Process