Which of the Following Procedures Would Be Most Useful in Determining

question 53

Multiple Choice

Which of the following procedures would be most useful in determining the effectiveness of a company's internal controls regarding the existence or occurrence of payroll transactions?

• A)Observe the segregation of duties concerning personnel responsibilities and payroll disbursement
• B)Inspect evidence of accounting for prenumbered payroll checks
• C)Recompute the payroll deductions for employee fringe benefits
• D)Verify the preparation of the monthly payroll account bank reconciliation

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Definitions:

Continental Shelf

The extended perimeter of each continent, which is submerged under relatively shallow sea before dropping into the deep ocean.

Seismic Surveys

Techniques used to investigate the Earth's subsurface by generating, recording, and analyzing seismic waves.

Continental Slope

A submarine slope that connects the continental shelf with deeper seafloor.

Hydrothermal Vents

Openings in the seafloor that emit hot, mineral-rich water, supporting unique ecosystems despite the extreme conditions.