Which of the following is not a major control risk in the payroll cycle?
A)Paying fictitious "employees"
B)Overpaying for time or production
C)Losing employees to competitors.
D)Incorrect accounting for costs or expenses

Question

Quizplus · Accepted Answer

Losing employees to competitors is not a control risk in the payroll cycle. It is a human resource management risk outside the scope of the financial audit. The other options are all potential control risks in the payroll cycle that could result in fraudulent or inaccurate labor expenses.

Which of the Following Is Not a Major Control Risk