An imprest payroll account that has a significant balance may indicate the presence of
A) employees have not yet cashed their payroll checks.
B) fraudulent transfer of funds by the company.
C) lack of controls over payroll distribution.
D) the company is overpaying its employees.
Correct Answer:
Verified
Q2: Which of the following departments is most
Q6: While most cycles include at least two
Q8: Auditors typically test details of account balances
Q9: The total of the individual employee earnings
Q10: Most companies, with the exception of small
Q10: Which of the following statements about the
Q16: Which department should be authorized to add
Q18: The computer file used for recording payroll
Q27: Discuss each of the following primary documents
Q30: State the purpose and the information contained
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