Which of the following is a major control risk in the payroll area?
A)theft of inventory by staff
B)fictitious persons cashing paychecks
C)expenses being recorded as assets in order to manipulate earnings
D)contracts being awarded to relatives of employees

Question

Quizplus · Accepted Answer

Fictitious persons cashing paychecks is a major control risk in payroll area as it may result in unnecessary payments and can lead to financial loss for the organization.

Which of the Following Is a Major Control Risk in the Payroll