When Developing the Internal Controls and Record Retention for a Payroll

question 42

Multiple Choice

When developing the internal controls and record retention for a payroll system,a company should:

• A)Involve all company employees to promote transparency.
• B)Develop a closed system and alternate employee duties.
• C)Designate a single employee with the responsibility for pay disbursements.
• D)Train accounting personnel on a single payroll task.

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Definitions:

Encoding

The process by which information is translated into a form that can be stored in memory.

Chunking

A technique that involves organizing information into bigger segments to simplify recall or processing.

Semantically

Pertaining to meaning in language or logic, focusing on the relationship between signifiers and what they stand for.

Structurally

Relating to, or forming the fundamental structure of something.