A Weak Internal Control System Allows a Department Supervisor to "Clock

question 107

Multiple Choice

A weak internal control system allows a department supervisor to "clock in" for a fictitious employee and then approve the employee's time card at the end of the pay period. This fraud would be detected if other controls were in place, such as having an independent party

• A) distribute paychecks.
• B) recompute hours worked from time cards.
• C) foot the payroll journal and trace postings to the general ledger and the payroll master file.
• D) compare the date of the recorded check in the payroll journal with the date on the canceled checks and time cards.

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Definitions:

Lazarus

Refers to Richard Lazarus, a psychologist known for his work on stress and cognitive appraisal.

Interpretation

The act of explaining or understanding the meaning of something, such as a text, artwork, or data, based on a certain perspective.

Stressful Event

Any situation, occurrence, or condition that causes significant stress or disturbance to an individual's mental or physical well-being.

Planned Pregnancy

A pregnancy that occurs as a result of deliberate choice and preparation, as opposed to occurring unexpectedly.