Payroll fraud may occur in which of the following ways?
A)Payroll transactions are processed for fictitious employees and the funds are diverted for personal use
B)When there is frequent turnover, there is risk that a new employee will not get on the payroll promptly
C)Management may misclassify or understate labor costs for government contract work
D)All of the answer choices are correct.

Question

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The Answer of Payroll fraud may occur in which of the following ways?
A)Payroll transactions are processed for fictitious employees and the funds are diverted for personal use
B)When there is frequent turnover, there is risk that a new employee will not get on the payroll promptly
C)Management may misclassify or understate labor costs for government contract work
D)All of the answer choices are correct.

Payroll Fraud May Occur in Which of the Following Ways