The internal control activity requiring that the manager approves payroll prior to signing paycheck is intended to minimize the risk of:
A)Omitted paychecks
B)Incorrect amounts
C)Fictitious employees
D)Stolen paychecks

Question

Quizplus · Accepted Answer

Requiring managerial approval of payroll helps ensure that all employees being paid are legitimate, thus minimizing the risk of paying fictitious employees.

The Internal Control Activity Requiring That the Manager Approves Payroll