Fraud - Which of the following is the most effective...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Which of the following is the most effective internal control to prevent ghost employees? Answer Selected Answer: Insure that the payroll account is reconciled in a timely manner. Correct Answer: Segregate the duties for the hiring and payroll functions. Question 2 2 out of 2 points A salesman may fraudulently increase his commission by: Answer Selected Answer: Correct Answer: Question 3 2 out of 2 points Smith is one of ten sales people working for ABC Company. Over the past year, 15% of Smith's sales are uncollectible, as opposed to an average of 3% for the rest of the sales force. This may be an indication of a commission scheme that: Answer Selected
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Answer: Records fictitious customers that eventually are written off as uncollectible. Correct Answer: Records fictitious customers that eventually are written off as uncollectible. Question 4 2 out of 2 points An employee cheating on his expense report may be detected by: Answer Selected Answer: Investigating
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

Fraud - Which of the following is the most effective...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online