Which of the Following Circumstances Most Likely Would Cause an Auditor

question 14

Multiple Choice

Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme?

• A) There are significant unexplained variances between standard and actual labor cost.
• B) Payroll checks are disbursed by the same employee each payday.
• C) Employee time cards are approved by individual departmental supervisors.
• D) A separate payroll bank account is maintained on an imprest basis.

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Definitions:

Women

Refers to adult human females, but context is required for a more precise definition related to societal, cultural, or scientific aspects.

Hispanic Families

Refers to families of Hispanic origin or descent, often studied for demographic, social, and economic trends.

Children Under 18

Refers to individuals who are below the age of 18, typically considered as minors in many legal jurisdictions.

Individuals Over 65

People who are aged 65 years and above, often considered as senior citizens.