There is inherent risk of payroll fraud because most transactions involve
A) expense accounts.
B) accrued liabilities.
C) estimates.
D) cash.

Question

Quizplus · Accepted Answer

Payroll transactions generally involve cash transactions such as the payment of wages, making it easier for payroll fraud to occur. Fraudulent activities like ghost employees, falsified time sheets, and commission schemes are common in payroll fraud.

There Is Inherent Risk of Payroll Fraud Because Most Transactions