When Developing the Internal Controls and Record Retention for a Payroll

question 6

Multiple Choice

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

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

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Definitions:

Ventricles

The two lower chambers of the heart, or the central cavities in the brain.

Capillaries

The smallest blood vessels in the body, connecting arteries to veins, which facilitate the exchange of water, oxygen, carbon dioxide, and many other nutrient and waste substances between blood and surrounding tissues.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to the body.

Echocardiography

Echocardiography is a diagnostic procedure that uses ultrasound waves to create images of the heart, allowing for the assessment of its structure and function.