What is the major control risk for the payroll payment process?
A)Potential overpayment of wages due to employee fraud.
B)Potential theft of cash.
C)Potential overpayment of employee deductions.
D)Potential underpayment due to employee fraud.

Question

Quizplus · Accepted Answer

The major control risk for the payroll payment process is the potential overpayment of wages due to employee fraud. This can occur if employees manipulate the system to increase their hours worked or rates of pay without authorization.

What Is the Major Control Risk for the Payroll Payment