Question: Which fraud is usually prevented when two employees verify payroll amounts? Fictitious employees added to the payroll. Employee paid for hours not worked. Payroll calculations

Which fraud is usually prevented when two employees verify payroll amounts?

Fictitious employees added to the payroll.
Employee paid for hours not worked.
Payroll calculations are inaccurate.
Checks are misappropriated.

Step by Step Solution

3.34 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!