There are many risks that may affect the payroll and fixed asset transactions.Which of the following is not one of those risks?
A)Recorded transactions may not be valid.
B)Expenditure transactions may be recorded in the wrong account.
C)Valid expenditures recorded properly by the wrong employee.
D)Transactions may not be recorded in a timely manner.

Question

Quizplus · Accepted Answer

While valid expenditures recorded properly by the wrong employee may pose issues with internal controls and monitoring, it is not directly related to payroll or fixed asset transactions. The other options all pose risks to the accuracy and reliability of these types of transactions.

There Are Many Risks That May Affect the Payroll and Fixed