Separation of duties in the payroll and personnel cycle will prevent overpayments, but not payments to nonexistent employees.

Question

Quizplus · Accepted Answer

Separation of duties can prevent overpayments as it ensures that no one person has too much control over the payroll and personnel functions. However, it cannot prevent payments to nonexistent employees because there may not be adequate controls in place to verify the existence and legitimacy of an employee. Other controls, such as periodic audits and verifications of employee information, may be necessary to prevent payments to nonexistent employees.

Separation of Duties in the Payroll and Personnel Cycle Will