Which of the Following Situations Represents a Serious Control Weakness

question 41

Multiple Choice

Which of the following situations represents a serious control weakness?

• A) Timekeeping is independent of the payroll department.
• B) Paychecks are distributed by the employees' immediate supervisor.
• C) Time cards are reconciled with job tickets.
• D) Personnel is responsible for updating employee records,including creation of records for new hires.

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Definitions:

Continuing Operations

The parts of a business expected to continue operating into the foreseeable future, excluding discontinued operations.

Production Phase

The stage of business operations involved in the manufacturing or production of goods and services.

Specific Customer

A distinct client or customer that a business targets, serves, or deals with, often characterized by unique preferences or requirements.

Exchange Price

Exchange price refers to the price at which a commodity, security, or currency is traded on an exchange market.