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Risk and Procedures for Control

?

A means of ensuring that payroll checks are drawn for properly authorized amounts is to

Conduct periodic floor verification of employees on the payroll Require that undelivered checks be returned to the cashier. Require supervisory approval of employee time cards. Witness the distribution of payroll checks.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Answer (C) is correct. Review and approval of time cards by line supervisors is appropriate because they should know whether work has been performed. Also, because they do not distribute paychecks, they are not in a position to divert falsely authorized checks.

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