5)The purpose of issuing earnings statements to employees is to mitigate the risk of

a)Unauthorized changes to payroll master data

b)Errors in processing payroll

c)Theft or fraudulent distribution of paychecks

d)Untimely payments

6)The use of biometrics as part of employee authentication is designed primarily to reduce the risk of which threat?

a)Inaccurate updating of the master payroll file

b)Inaccurate time and attendance data

c)Failure to make required payroll tax payments

d)Errors in processing payroll

7)Which of the following control procedures is designed to reduce the risk of theft of paychecks or fraudulent distribution of paychecks?

a)Restriction of access to blank payroll checks

b)Prenumbering and periodically accounting for all paychecks

c)Redepositing all unclaimed paychecks and investigating the reasons why the paychecks were not claimed

d)All of the above

e)None of the above

8)Use of a separate checking account for payroll is designed to reduce the risk of the threat of .

a)unauthorized changes to the payroll master file

b)errors in processing payroll

c)theft or fraudulent disbursement of paychecks

d)failure to make required payments to government tax agencies

e)loss or destruction of payroll data