Question 1

For the payroll register below,all the following processing controls would be useful except

Accepted Answer

A)  Concurrent update control 
B)  Cross-footing balance test 
C)  Mathematical accuracy test 
D)  Hash total on Employee No. 
A)  Concurrent update control 
B)  Cross-footing balance test 
C)  Mathematical accuracy test 
D)  Hash total on Employee No.

Question 2

The payroll transaction file would contain

Accepted Answer

A)  entries to add new hires. 
B)  time card data. 
C)  changes in tax rates. 
D)  All of the above are correct. 
A)  entries to add new hires. 
B)  time card data. 
C)  changes in tax rates. 
D)  All of the above are correct.

Question 3

What is not a desired result of an employee bonus/incentive system?

Accepted Answer

A)  Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B)  Employees may look for ways to improve service. 
C)  Employees may analyze their work environment and find ways to cut costs. 
D)  Employees may work harder and may be more motivated to exceed target goals to earn a bonus. 
A)  Employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus. 
B)  Employees may look for ways to improve service. 
C)  Employees may analyze their work environment and find ways to cut costs. 
D)  Employees may work harder and may be more motivated to exceed target goals to earn a bonus.

Question 4

A "zero balance check" refers to which of the following control procedures?

Accepted Answer

A)  a type of batch total 
B)  cross-footing the payroll register 
C)  the payroll clearing account shows a zero balance once all entries are posted 
D)  trial balance showing that debits equal credits 
A)  a type of batch total 
B)  cross-footing the payroll register 
C)  the payroll clearing account shows a zero balance once all entries are posted 
D)  trial balance showing that debits equal credits

Question 5

Which activity below is not performed by the HRM?

Accepted Answer

A)  compensation 
B)  training 
C)  discharge 
D)  recruitment and hiring 
A)  compensation 
B)  training 
C)  discharge 
D)  recruitment and hiring

Question 6

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

Accepted Answer

A)  proper segregation of duties 
B)  automation of data collection 
C)  sound hiring procedures 
D)  review of appropriate performance metrics 
A)  proper segregation of duties 
B)  automation of data collection 
C)  sound hiring procedures 
D)  review of appropriate performance metrics

Question 7

In the payroll system,checks are issued to

Accepted Answer

A)  employees and to banks participating in direct deposit. 
B)  a company payroll bank account. 
C)  government agencies. 
D)  All of the above are correct. 
A)  employees and to banks participating in direct deposit. 
B)  a company payroll bank account. 
C)  government agencies. 
D)  All of the above are correct.

Question 8

Which type of payroll report lists the voluntary deductions for each employee?

Accepted Answer

A)  payroll register 
B)  deduction register 
C)  earnings statement 
D)  federal W-4 form 
A)  payroll register 
B)  deduction register 
C)  earnings statement 
D)  federal W-4 form

Question 9

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

Accepted Answer

A)  payroll register 
B)  deduction register 
C)  employee earnings statement 
D)  federal W-4 form 
A)  payroll register 
B)  deduction register 
C)  employee earnings statement 
D)  federal W-4 form

Question 10

Payroll deductions fall into the broad categories of ________ and ________.

Accepted Answer

A)  payroll tax withholdings; voluntary deductions 
B)  unemployment; social security taxes 
C)  unemployment taxes; income taxes 
D)  voluntary deductions; income taxes 
A)  payroll tax withholdings; voluntary deductions 
B)  unemployment; social security taxes 
C)  unemployment taxes; income taxes 
D)  voluntary deductions; income taxes

Question 11

What controls are available to address the threat of payroll errors?

Accepted Answer

Three types of controls can be used to c

Question 12

For the payroll register below,all the following data entry controls would be useful except

Accepted Answer

A)  Validity check on Fed. Tax 
B)  Sequence check on Employee No. 
C)  Limit check on Hours 
D)  Field check on Pay Rate 
A)  Validity check on Fed. Tax 
B)  Sequence check on Employee No. 
C)  Limit check on Hours 
D)  Field check on Pay Rate

Question 13

What is the best control to reduce the risk of losing payroll data?

Accepted Answer

A)  passwords 
B)  physical security controls 
C)  backup and disaster recovery procedures 
D)  encryption 
A)  passwords 
B)  physical security controls 
C)  backup and disaster recovery procedures 
D)  encryption

Question 14

Which department should have the sole ability to provide information to the AIS about hiring,terminations,and pay rate changes?

Accepted Answer

A)  payroll 
B)  timekeeping 
C)  production 
D)  HRM 
A)  payroll 
B)  timekeeping 
C)  production 
D)  HRM

Question 15

Which of the following is not one of the major sources of input to the payroll system?

Accepted Answer

A)  payroll rate changes 
B)  time and attendance data 
C)  checks to insurance and benefits providers 
D)  withholdings and deduction requests from employees 
A)  payroll rate changes 
B)  time and attendance data 
C)  checks to insurance and benefits providers 
D)  withholdings and deduction requests from employees

Question 16

Discuss the threat of unauthorized changes to the payroll master file and its consequences.

Accepted Answer

Many problems may result when there are

Question 17

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

Accepted Answer

A)  The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account. 
B)  The cashier does not have to sign employee paychecks. 
C)  Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited. 
D)  Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check. 
A)  The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account. 
B)  The cashier does not have to sign employee paychecks. 
C)  Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited. 
D)  Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

Question 18

The average annual middle-management salary at Folding Squid Technologies is $60,000.If the average turnover rate for middle management is ten employees per year,what is the approximate average annual cost of turnover?

Accepted Answer

A)  $300,000 
B)  $600,000 
C)  $900,000 
D)  $1,200,000 
A)  $300,000 
B)  $600,000 
C)  $900,000 
D)  $1,200,000

For the payroll register below,all the following processing controls would be useful except

The payroll transaction file would contain

What is not a desired result of an employee bonus/incentive system?

A "zero balance check" refers to which of the following control procedures?

Which activity below is not performed by the HRM?

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

In the payroll system,checks are issued to

Which type of payroll report lists the voluntary deductions for each employee?

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

Payroll deductions fall into the broad categories of and .

What controls are available to address the threat of payroll errors?

For the payroll register below,all the following data entry controls would be useful except

What is the best control to reduce the risk of losing payroll data?

Which department should have the sole ability to provide information to the AIS about hiring,terminations,and pay rate changes?

Which of the following is not one of the major sources of input to the payroll system?

Discuss the threat of unauthorized changes to the payroll master file and its consequences.

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

The average annual middle-management salary at Folding Squid Technologies is $60,000.If the average turnover rate for middle management is ten employees per year,what is the approximate average annual cost of turnover?

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

General Ledger and Reporting System

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 15: The Human Resources Management and Payroll Cycle

For the payroll register below,all the following processing controls would be useful except

The payroll transaction file would contain

What is not a desired result of an employee bonus/incentive system?

A "zero balance check" refers to which of the following control procedures?

Which activity below is not performed by the HRM?

The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system.What is an applicable control that can help prevent this event from occurring in the future?

In the payroll system,checks are issued to

Which type of payroll report lists the voluntary deductions for each employee?

Which type of payroll report contains information such as the employees' gross pay,payroll deductions,and net pay in a multicolumn format?

Payroll deductions fall into the broad categories of ________ and ________.

What controls are available to address the threat of payroll errors?

For the payroll register below,all the following data entry controls would be useful except

What is the best control to reduce the risk of losing payroll data?

Which department should have the sole ability to provide information to the AIS about hiring,terminations,and pay rate changes?

Which of the following is not one of the major sources of input to the payroll system?

Discuss the threat of unauthorized changes to the payroll master file and its consequences.

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

The average annual middle-management salary at Folding Squid Technologies is $60,000.If the average turnover rate for middle management is ten employees per year,what is the approximate average annual cost of turnover?

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

General Ledger and Reporting System

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Payroll deductions fall into the broad categories of and .