9. Internal controls for payroll systems include all of thefollowing except a. payroll checks should be distributed
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Question:
9.
Internal controls for payroll systems include all of thefollowing except
a. payroll checks should be distributed by each employee'ssupervisor.
b. changes in pay rates should be authorized and in writing.
c. having employees check into work using an employee IDcard.
d. restricted access to the check signing machine.
10.An unfunded pension liability is reported on the balancesheet as a(n)
a. owner's equity.
b. long-term liability.
c. current liability or a long-term liability, depending uponwhen the pension liability is to be paid.
d. current liability.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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