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ACC 400 AIS Exam 4 (Ch. 15-18) | Questions And Answers Latest {} A+ Graded | 100% Verified
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ACC 400 AIS Exam 4 (Ch. 15-18) | Questions And Answers Latest {} A+ Graded | 100% Verified
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ACC 400 AIS Exam 4 (Ch. 15-18) | Questions And Answers Latest {2024- 2025} A+ Graded| 100% Verified
Which department should have the sole ability to provide information to the AIS about hiring,
terminations, and pay rate changes? - HRM
Who does the payroll system issue checks to? - All of the above are correct.
The employer pays a portion of some payroll taxes and employee benefits. Both the employee and
employer pay which benefit or tax listed below? - social security taxes
Executive immersion experiences are important because - employees who have positive attitudes
contribute to increasing company profits.
A workforce inventory report - is used in preparing labor -related reports for government agencies.
The sales department administrative assistant has been assigning phone order sales to her brother -in -
law, a company sales person. Company policy is to pay commissions only on orders directly received by
sales people, not on orders received over the phone. The resulting fraudulent commission payments
might best have been prevented by requiring that - sales commission statements be supported by sales
order forms signed by the customer and approved by the sales manager.
Because many HRM / payroll master databases typically contain only descriptive information (such as
which employees possess which skills), many firms have deployed ________ to more effectively
leverage employees knowledge and skills. - knowledge management systems
Why is a separate payroll account used to clear payroll checks? - for internal control purposes, to help
limit any exposure to loss by the company
The following control can reduce the distribution of fraudulent paychecks. - Have internal audit
investigate unclaimed paychecks
, The most vital control in preventing unauthorized changes to the payroll master file is - segregation of
duties between the authorization of changes and the physical handling of paychecks.
The purpose of a general ledger payroll clearing account is - to check the accuracy and completeness of
payroll recording and its allocation to cost centers.
Which of the following is a control that can be implemented to help prevent paychecks being issued to a
"phantom" or "ghost" employee? - Paychecks should be physically distributed by someone who does
not authorize time data or record payroll.
Falk Noam is the internal auditor for Matan Incorporated. Before investigating the HRM / payroll cycle at
Matan, Falk decided to read up on the proper segregation of duties regarding payroll disbursement
processes. For strongest segregation of duties, the ________ should periodically observe the paycheck
distribution process. - internal audit department
The general ledger and reporting system consists of the ________ involved in ________ the general
ledger and ________ reports. - information processing; updating; creating
Which of the following user groups generally receive information produced by the general ledger and
reporting system? - all of the above
Identify the most correct statement with regard to how the various accounting subsystems update the
general ledger. - Summary journal entries that represent the results of all transactions for a certain time
period are used to update the general ledger.
If you believe not all adjusting entries were posted in the general ledger, you should prepare a general
ledger control report listing journal vouchers in - numerical sequence
Which of the following are appropriate controls for the general ledger and reporting system? - All of the
above are appropriate.
Which of the following tasks are facilitated by maintaining a strong and secure audit trail? - All of the
above are facilitated by the audit trail.
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