When Developing the Internal Controls and Record Retention for a Payroll

question 42

Multiple Choice

When developing the internal controls and record retention for a payroll system,a company should:

• A)Involve all company employees to promote transparency.
• B)Develop a closed system and alternate employee duties.
• C)Designate a single employee with the responsibility for pay disbursements.
• D)Train accounting personnel on a single payroll task.

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Definitions:

Synaptic Cleft

A narrow gap between the terminal end of a neuron and the neighbouring neuron or cell, across which neurotransmitters are released for communication.

Passive Diffusion

The movement of substances across a cell membrane without the need for energy input, from an area of higher concentration to an area of lower concentration.

Primary Somatosensory Area

A region of the cerebral cortex involved in the processing of sensory information from the body.

Fingers and Hand

The terminal part of the human arm consisting of the palm and five digits, crucial for various functions like grasping, manipulating objects, and sensing.