Good Internal Controls Over Payroll Would Include All of the Following

question 43

Multiple Choice

Good internal controls over payroll would include all of the following EXCEPT that:

• A) accounting for payroll should be separate from hiring and firing of employees.
• B) disbursement of paychecks should be separate from the function of maintaining payroll records.
• C) employees should clock in and out to insure accuracy of work hours.
• D) cash receipts from customers should be separated from the accounting for accounts receivable.

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Definitions:

SARA

An acronym that stands for Superfund Amendments and Reauthorization Act, legislation aimed at addressing hazardous waste and environmental cleanup.

Innocent Landowners

Individuals who own property without knowledge of any environmental contaminations or violations present on the land.

Toxic Substances Control Act

A United States law, enacted in 1976, designed to regulate the introduction of new or previously existing chemicals.

Manufacture

The process of converting raw materials or components into finished goods through the use of labor, machinery, tools, and chemical or biological processing.