Tag: Topic 2

Which ONE of the following control procedures WILL reduce the risk of unauthorised disclosure of payroll data?

Select ONE answer:

1. Exception reporting of high amounts of net pay
2. Encryption of data
3. Back-up procedures
4. Independent review of payroll

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct – Access controls and encryption of data will reduce the risk of unauthorised disclosure. Exception reporting and an independent review of the payroll, would help identity unauthorised changes to payroll information. Back-up procedures would help in the protection of company data.
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

Which ONE of the following control procedures WILL reduce the risk of unauthorised disclosure of payroll data?

Select ONE answer:

1. Access controls
2. Exception reporting of high amounts of net pay
3. Back-up procedures
4. Independent review of payroll

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct – Access controls and encryption of data will reduce the risk of unauthorised disclosure. Exception reporting and an independent review of the payroll, would help identity unauthorised changes to payroll information. Back-up procedures would help in the protection of company data.
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

For the following statement below about the internal controls over payroll, select whether the statement is True, False, No Significant or Material Impact, or No Impact.

• Reperformance of calculations is unnecessary where the payroll system is computerised.

Select ONE answer:

1. True
2. No Significant or Material Impact
3. False
4. No Impact

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct – while the risk of errors can be reduced in a computerised payroll system, a sample of calculations should still be checked. This may also bring to light errors with standing data and input.
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

For the following statement below about the internal controls over payroll, select whether the statement is True, False, No Significant or Material Impact, or No Impact.

• Leavers and joiners should be authorised by a senior member of staff.

Select ONE answer:

1. False
2. True
3. No Significant or Material Impact
4. No Impact

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

For the following statement below about the internal controls over payroll, select whether the statement is True, False, No Significant or Material Impact, or No Impact.

• The payroll should be checked back to individual employee personnel records regularly.

Select ONE answer:

1. True
2. False
3. No Significant or Material Impact
4. No Impact

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.