Which of the Following Is a Control Activity That Most

question 56

Multiple Choice

Which of the following is a control activity that most likely could help prevent employee payroll fraud?

• A)The Human Resource department promptly sends employee termination notices to the payroll supervisor.
• B)Employees who distribute payroll checks forward unclaimed payroll checks to the absent employees' supervisors.
• C)Salary rates resulting from new hires are approved by the payroll supervisor.
• D)Total hours used for determination of gross pay are calculated by the payroll supervisor.

---

Definitions:

Premium

The amount by which the price of something, especially a financial security, exceeds its principal or face value.

Interest Rates

The cost of borrowing money or the return on investment for savings, usually expressed as a percentage of the principal amount on an annual basis.

Bond Prices

The market price at which a bond is traded, influenced by interest rates, credit ratings, and the bond's term to maturity.