Which Fraud Is Usually Prevented When Two Employees Verify Payroll

question 68

Multiple Choice

Which fraud is usually prevented when two employees verify payroll amounts?

• A) Fictitious employees added to the payroll.
• B) Employee paid for hours not worked.
• C) Payroll calculations are inaccurate.
• D) Checks are misappropriated.

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Definitions:

Locus of Control

An individual's belief system regarding the causes of his or her experiences and the factors to which that person attributes success or failure.

Better Compensation

Refers to improved salary, benefits, and other rewards that are given to employees for their work.

Expectations

The beliefs or hopes regarding what is possible or likely to happen in the future.

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.