Which of the Following Misstatements in the Payroll Cycle Could

question 43

Multiple Choice

Which of the following misstatements in the payroll cycle could be detected during the audit of payroll transactions (but would not be discovered as part of the audit of the bank reconciliation) ?

• A)failure to include outstanding payroll cheques on the outstanding cheque list
• B)overpayment of Receiver General payments received after the year end but recorded as cash receipts in the current year
• C)unclaimed payroll cheques recorded as a deposit near the end of the year,but reconciled as deposits in transit
• D)payment to fictitious employees that had been set up by the payroll supervisor

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Definitions:

Consolidation

The neurological process by which memories become stable in the brain, transitioning from a vulnerable state immediately after encoding to a more durable and long-term storage.

Sleep Disturbances

Variations from normal sleep patterns or habits that negatively affect health and well-being, including conditions like insomnia or sleep apnea.

Misattribution

The incorrect or inaccurate attribution of a memory or feeling to the wrong source, often leading to false memories or misunderstanding of an experience.

Context-dependent Memory

A psychological phenomenon where the retrieval of information is more effective when the context at the time of encoding and retrieval are similar.