What is the effect of payroll-related legislation on payroll practice?
A) Legislation explicitly dictates the activities of payroll accountants.
B) Legislation has prescribed the format and delivery of a payroll system.
C) Legislation has alleviated the need for a company to design its own payroll system.
D) Legislation highlights the need for firms to create well-designed payroll systems.

Question

Quizplus · Accepted Answer

Payroll-related legislation serves as a guideline for companies to design and implement well-designed payroll systems that comply with various laws and regulations. It highlights the importance of accuracy, transparency, and accountability in payroll practices. While some legislation may dictate certain activities, such as minimum wage or overtime laws, it does not prescribe the format or delivery of a system. Companies are still responsible for designing and implementing their own payroll systems.

What Is the Effect of Payroll-Related Legislation on Payroll Practice