Dol audit - Study guides, Class notes & Summaries

CPP Certified Payroll Professional Exam 140 Questions with Verified Answers 2019 Counseling is appropriate when: a. salaries have been frozen. b. introducing a new procedure. c. explaining tax law changes. d. orienting new employees. - CORRECT ANSWER a. salaries have been frozen. In addition to the accuracy-related penalty for underpayment of taxes, if the underpayment of taxes is due to fraud, the IRS may asses an additional penalty of: - CORRECT ANSWER 75% If an employer's total...

PHR Prep Practice Exam 64 Questions with Verified Answers If a security law is violated, who must legal counsel first report the violation to? A. The DOL B. The PCAOB C. Either the chief legal officer or the company CEO D. Audit committee of the BOD - CORRECT ANSWER C. Under SOX, any breach of fiduciary responsibility must be report to either the chief legal officer or the company CEO by either in-house or outside legal counsel. If no resolution occurs, the next step in remaining compli...

HRCI: SPHR/PHR Exam 120 Questions with Verified Answers Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if receiving federal funds for work or projects Walsh-Healey Act - CORRECT ANSWER Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Signifi...

FPC Certification Exam 62 Questions with Verified Answers FLSA - CORRECT ANSWER Fair Labor Standards Act Journal - CORRECT ANSWER Debits and credits to a specific ledger accout Is batch processing interactive? - CORRECT ANSWER No By when must employers inform employees to submit a new W-4 if marital status or # of allowances have changed? - CORRECT ANSWER December 1st Are non qualified deferred compensations plans subject to contribution limits? - CORRECT ANSWER No What plans a...

Under the DOL regulation, many advisors to retirement plans and their participants will be - Answer- 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - Answer- plan sponsor about hiring fiduciary service providers, including the different roles service providers, including the different roles service...

Leadership theories that look at the personal characteristics of a leader are: A) trait theories B) situational theories C) behavioral theories D) contingency theories Trait theories To be effective, company goals must — A) require the participation of line staff B) be available in multiple languages C) grow the company D) be specific and measurable Be specific and measurable The party responsible for verifying that an employee is eligible to work in the United States i...

Payroll Fundamentals Ch. 1 Exam 135 Questions with Verified Answers Common Law Test - Questions - CORRECT ANSWER 1) How independent is the employee? 2) How much control can be exercised over the worker? Common Law Test - Employee - CORRECT ANSWER - Required to comply with employer's instructions about when, where, and how to work - Works exclusively for the employer - Hired by the employer - Subject to dismissal; can quit without liability - Has a continuing relationship with the e...

ERISA Definition of Fiduciary - Answer- Any person who exercises any discretionary authority or control over the management of the plan, or renders investment advice for a fee or other compensation, or exercises any authority or control over the management or disposition of plan assets. Responsibilities of Plan Sponsor "CEO" - Answer- • Almost always a fiduciary • Oversees all the other fiduciaries • Duty to monitor the other fiduciaries and replace them if they are failing to do th...

PHR Practice Exam, Questions with accurate answers. Verified. Which of the following forecasting methods relies on collecting independent evaluations from experts and summarizing the information? A. Assessment center B. Nominal group technique C. Time-series analysis D. Delphi technique - -D. Delphi technique Utilizing employee skills to keep or gain a competitive advantage is known as: A. succession planning. B. forecasting. C. strategic management. D. benchmarking. - -C. strate...

SHRM-SCP Practice 121 Questions with Verified Answers "Which strategy for international assignees best helps to improve their overall experience and reduce their sense of isolation? - CORRECT ANSWER Ensuring that assignees are equipped with communication platforms and technologies" How does HR contribute to diverse locations in a multidomestic strategy? - CORRECT ANSWER By coordinating subsidiary activities to ensure that culture and policies are consistent with those of the home country...