There Is Inherent Risk of Payroll Fraud Because Most Transactions

question 57

Multiple Choice

There is inherent risk of payroll fraud because most transactions involve

• A) expense accounts.
• B) accrued liabilities.
• C) estimates.
• D) cash.

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Definitions:

Substantial Injury

Significant physical, financial, or emotional harm caused to a person or property that may be grounds for legal action.

Family or Medical Leave

Authorized absence from work, protected by law, for family or health-related reasons without risk of losing employment.

Family and Medical Leave Act

A U.S. federal law that requires covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Military Service

A period of time spent serving in the armed forces of a country.