IIA
IIA-CFSA · Question #195
IIA-CFSA Question #195: Real Exam Question with Answer & Explanation
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Question
Employee benefits are generally considered non-wage compensations designed to enhance any employee's salary compensation. However, it should be noted that payroll is one of the largest operating expense in many banks. Losses can occur if a bank does not have adequate controls over this function. The largest risk/s bank face in this function is/are:
Options
- AMaking salary payments to employees no longer on the payroll
- BPaying employees for unearned overtime, sick time, or vacation time
- CEntering improper or unauthorized salary
- DAll of these
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