Which of the following is the best way for an auditor to determine that every name on a company's payroll is that of a bona fide employee presently on the job?
A. Examine personnel records for accuracy and completeness.
B. Examine employees' names listed on payroll accounting records.
C. Make a surprise observation of the company's regular distribution of paychecks.
D. Visit the working areas and confirm with employees their badge or identification numbers.
C. Make a surprise observation of the company's regular distribution of paychecks.
You might also like to view...
The depreciable cost of a building is the same as its acquisition cost
a. True b. False Indicate whether the statement is true or false
What is true of child care benefits?
A. Child care benefits must include death benefits for it to be considered as a qualified plan. B. Companies that provide child care facilities face liability concerns. C. Child care benefits should be limited to provision of leaves to employees. D. Provision of child care is mandatory under the Family and Medical Leave Act. E. At the highest level of involvement, organizations provide vouchers or discounts for employees to use at existing child care facilities.
Service process redesign can be categorized into all EXCEPT which of the following types?
a. Eliminating non-value adding steps. b. Shifting to self-service. c. Delivering direct service. d. Separating services. e. Redesigning the physical aspect of service processes.
A cost that is considered variable for one activity base may be considered fixed for a different activity base.
Answer the following statement true (T) or false (F)