The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the:
A) Authorization of transactions from the custody of related assets.
B) Operational responsibility from the record keeping responsibility.
C) Human resources function from the controllership function.
D) Administrative controls from the internal accounting controls.
Correct Answer:
Verified
Q2: Internal control problems would be likely to
Q4: This type of transaction is one that
Q7: Which of the following is not a
Q8: The term "ghost employee" means that:
A)Hours worked
Q9: A payroll voucher:
A)Authorizes an employee paycheck to
Q15: Which of the following procedures would be
Q15: Which of the following reviews would be
Q17: Routine business transactions would include which of
Q17: For proper segregation of duties, the department
Q19: Which of the following statements about payroll
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