Which of the Following Internal Controls Helps Ensure That Recorded

question 22

Multiple Choice

Which of the following internal controls helps ensure that recorded payroll payments are for work actually performed by existing employees?

• A)procedures requiring the recording of transactions as soon as possible
• B)only valid employees from the computer data files are accepted for processing
• C)internal verification of payroll file contents
• D)independent preparation of payroll bank reconciliation

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Definitions:

Business Plans

Documents detailing the strategy, objectives, market analysis, financial projections, and operational guidelines for successfully starting and running a business.

New Venture Creation

The process of conceiving, developing, and launching a new business entity, typically characterized by innovation and risk.

Management Team

A group of individuals responsible for overseeing the daily operations of a business and executing its strategy.

Spontaneous Collaboration

The unplanned coming together of individuals or groups to work on a project or solve a problem collectively.