Which aspect of internal controls for payroll relates to the Sarbanes-Oxley Act?
A)Protecting employee retirement funds
B)Limiting the number of employees authorized to disburse payroll
C)Cross-training employees and altering duties
D)Ensuring the complexity of the audit trail

Question

Quizplus · Accepted Answer

Cross-training employees and altering duties is an aspect of internal controls for payroll that relates to the Sarbanes-Oxley Act. The Sarbanes-Oxley Act requires companies to have internal controls in place to prevent fraud and ensure the accuracy of financial reporting. Cross-training employees and altering duties helps to prevent fraud by making it more difficult for employees to commit fraud without being detected.

Which Aspect of Internal Controls for Payroll Relates to the Sarbanes-Oxley