Question 1

As a high fraud-risk area, payroll data is used to conduct fraud tests. Which of the following is a fraud test for ghost employees?

Accepted Answer

A)   Comparison of wages earned to employee job classification
B)   Cumulative payroll journal
C)   Payroll processed for employees before their start dates or after their termination dates
D)   Comparison of timecard data to payroll data to identify variancesE) B) and D)
F) A) and B)

Question 2

Which statement concerning employee onboarding analytics is TRUE?

Accepted Answer

A)   Employee onboarding analytics focuses on providing context to the mass of historical data generated in the employee onboarding process.
B)   Employee onboarding analytics includes reports on the number of new hires and number of hiring violations detected.
C)   Employee onboarding analytics focuses on providing a dashboard of data for HR management to review daily.
D)   Employee onboarding analytics includes reports on internal control exception reports, hiring issues, and compliance fines and penalties.E) None of the above
F) B) and C)

Question 3

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify ongoing corporate issues?

Accepted Answer

A)   Trend analysis of reasons provided during exit interviews for voluntary terminations
B)   Comparison of length of employment to feedback from onboarding activities
C)   Time series analysis of seasonal trends in voluntary terminations
D)   Drilling into employee termination reports by department and supervisorE) All of the above
F) B) and D)

Question 4

For which of the following reasons should HR be involved with the process of firing an employee?

Accepted Answer

A)   HR is involved to ensure that the situation is handled properly, doesn't escalate, and to mitigate the risk of a retaliatory ex-employee filing a lawsuit.
B)   HR is involved to prevent the employee manager from having to face the ex-employee and answer questions about why the firing occurred.
C)   HR is involved to ensure that the ex-employee leaves immediately and has no access to speak with employees about any issues.
D)   HR is involved to prevent the ex-employee not having access to sabotage the company or steal company property or information.E) B) and C)
F) All of the above

Question 5

Compensating employees is a business process that results in

Accepted Answer

A)   an economic exchange of resources.
B)   no change in the accounting information system.
C)   changes to the HR database not the information system.
D)   All of these answers are correct.E) A) and B)
F) A) and C)

Question 6

If the accounting department handles payroll, why would a company need a human resources (HR)  department?

Accepted Answer

A)   HR personnel know and understand labor laws.
B)   HR personnel are trained to handle sensitive issues.
C)   HR personnel are trained to deal with and reduce the likelihood of HR legal issues.
D)   All of these answers are correct.E) A) and B)
F) B) and D)

Question 7

Jameson, an HR employee at TYR Enterprises, recently completed training in data analytics. Jameson wants to use his new skillset to analyze employee exit interview data to discover trends that could be discussed during the quarterly HR trainings conducted with departmental managers. What types of employee termination analytics could Jameson perform that would be beneficial to share with departmental managers?

Accepted Answer

Jameson could conduct a trend analysis of reasons provided during exit interviews for voluntary terminations to identify ongoing issues. Jameson could also analyze employee termination reports by drilling down into data to create turnover metrics by department and or supervisors. This analysis could help departmental managers understand and prevent employee turnover, thereby reducing overall employee turnover risk for TYR.

Question 8

A violation of employment laws for hiring could result in lawsuits, fines, or reputational damage. What kind of control activity might a company initiate to prevent such a risk?

Accepted Answer

A)   Establish a policy that employees complete a new hire package prior to their first day.
B)   Establish a policy that provides for a comprehensive onboarding week for new hires.
C)   Establish a policy that only the HR department extend offer letters for employment.
D)   Establish and maintain a comprehensive employee agreement for all employees.E) B) and C)
F) A) and D)

Question 9

Which of the following would not be considered an input to a business?

Accepted Answer

A)   Financial resources
B)   Human resources
C)   Equipment
D)   DesignE) B) and C)
F) C) and D)

Question 10

Discuss the advantages for a company to pursue a higher level of maturity and integrate the information systems for payroll processes.

Accepted Answer

An integrated system includes a single source for HR and payroll data. The single source reduces redundancy and as a result improves data quality. Efforts are minimized for data collection and entry, and access to data is streamlined providing quick access to the HR department and to department managers and supervisors.

Question 11

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention?

Accepted Answer

A)   Trend analysis of reasons provided during exit interviews for voluntary terminations
B)   Comparison of length of employment to feedback from onboarding activities
C)   Time series analysis of season trends in voluntary terminations
D)   Drilling into employee termination reports by department and supervisorsE) A) and B)
F) C) and D)

Question 12

Which department should an employee consult to ask questions about withholdings on a paycheck?

Accepted Answer

A)   Accounting
B)   Human resources
C)   Payroll
D)   All of these answers are correct.E) A) and C)
F) A) and D)

Question 13

Josephine joined a Big 4 accounting firm as an intern for the summer. Josephine's final project involved evaluating the firm's employee termination control activities with a goal of developing additional control activities to prevent unnecessary financial losses for the firm. Which of the following control activities might Josephine suggest that will prevent financial loss?

Accepted Answer

A)   Clear all advances and employee receivables prior to the employee's final paycheck.
B)   Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle.
C)   Remove employee's authority to act on behalf of the firm and conduct firm business.
D)   All of these answer choices are correct.E) None of the above
F) All of the above

Question 14

International Machine (IM) recently discovered internal fraud related to payroll checks. Currently, IM has the HR department process payroll checks since they possess the data required to accurately calculate the checks. What change would you recommend to IM to prevent payroll check fraud in the future?

Accepted Answer

IM should process payroll in the accounting department. While HR owns and manages the data necessary for payroll check processing, the accounting department should process the payroll checks to ensure proper segregation of duties between HR and the accounting department.

Question 15

Many large accounting firms onboard groups of new hires together. The onboarding process includes several weeks of training together. In what way can this type of onboarding be beneficial to the firm?

Accepted Answer

A)   New hires create relationships with one another that can support them throughout their career.
B)   New hires learn about the corporate culture during the training process.
C)   New hires become comfortable and establish relationships, thus increasing retention.
D)   All of these answer choices are correct.E) A) and D)
F) C) and D)

Question 16

What type of employee onboarding analytics may identify issues in the onboarding process?

Accepted Answer

A)   Analysis of employee master data
B)   Analysis of post-onboarding surveys completed by hiring managers
C)   Analysis of post-onboarding surveys completed by new hires
D)   Analysis of the percentage of tenured employees versus new hires in each departmentE) A) and B)
F) C) and D)

Question 17

Viktoria suggests that the Well Market human resources (HR)  department needs to become more innovative in retaining employees. They suggest that remote work or rotations might entice employees to maintain their status at Well Market and reduce the costs associated with hiring and training new staff. To administer either program, Well Market's HR department needs to either hire more staff or find a way to manage more work with the same sized team. Choose the best option for Viktoria and the Well Market HR team?

Accepted Answer

A)   The HR team could work more hours and hope that no one gets burned out.
B)   The HR team could hire new people and try the new programs once the new team members are trained, which could take months.
C)   The HR team could outsource some administrative tasks and focus on the retention programs themselves.
D)   The HR team could not change anything and hope that things work out.E) None of the above
F) C) and D)

Question 18

At what point in the employee termination process is data collected from the exiting employee?

Accepted Answer

A)   Submission of resignation letter
B)   HR notification
C)   HR exit interview
D)   No data is collected.E) A) and B)
F) All of the above

Question 19

What type of employee onboarding analytics may yield identification of skillset gaps among new hires?

Accepted Answer

A)   Analysis of employee master data for nonmatching information
B)   Analysis of post-onboarding surveys completed by hiring managers
C)   Analysis of post-onboarding surveys completed by new hires
D)   Analysis of the percentage of tenured employees versus new hires in each departmentE) A) and D)
F) B) and D)

Question 20

Which department owns the data used for payroll processing?

Accepted Answer

A)   Accounting
B)   Human resources
C)   Sales
D)   All of these answers are correct.E) B) and C)
F) C) and D)

Exam 9: Human Resources and Payroll Processes

As a high fraud-risk area, payroll data is used to conduct fraud tests. Which of the following is a fraud test for ghost employees?

Correct Answer
verified

Which statement concerning employee onboarding analytics is TRUE?

Correct Answer
verified

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify ongoing corporate issues?

Correct Answer
verified

For which of the following reasons should HR be involved with the process of firing an employee?

Correct Answer
verified

Compensating employees is a business process that results in

Correct Answer
verified

If the accounting department handles payroll, why would a company need a human resources (HR) department?

Correct Answer
verified

A violation of employment laws for hiring could result in lawsuits, fines, or reputational damage. What kind of control activity might a company initiate to prevent such a risk?

Correct Answer
verified

Which of the following would not be considered an input to a business?

Correct Answer
verified

Discuss the advantages for a company to pursue a higher level of maturity and integrate the information systems for payroll processes.

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention?

Correct Answer
verified

Which department should an employee consult to ask questions about withholdings on a paycheck?

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
IM should process payroll in the accounting department. While HR owns and manages the data necessary for payroll check processing, the accounting department should process the payroll checks to ensure proper segregation of duties between HR and the accounting department.

Many large accounting firms onboard groups of new hires together. The onboarding process includes several weeks of training together. In what way can this type of onboarding be beneficial to the firm?

Correct Answer
verified

What type of employee onboarding analytics may identify issues in the onboarding process?

Correct Answer
verified

Correct Answer
verified

At what point in the employee termination process is data collected from the exiting employee?

Correct Answer
verified

What type of employee onboarding analytics may yield identification of skillset gaps among new hires?

Correct Answer
verified

Which department owns the data used for payroll processing?

Correct Answer
verified

Exam 9: Human Resources and Payroll Processes

As a high fraud-risk area, payroll data is used to conduct fraud tests. Which of the following is a fraud test for ghost employees?

Correct AnswerverifiedShow Answer

Which statement concerning employee onboarding analytics is TRUE?

Correct AnswerverifiedShow Answer

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify ongoing corporate issues?

Correct AnswerverifiedShow Answer

For which of the following reasons should HR be involved with the process of firing an employee?

Correct AnswerverifiedShow Answer

Compensating employees is a business process that results in

Correct AnswerverifiedShow Answer

If the accounting department handles payroll, why would a company need a human resources (HR) department?

Correct AnswerverifiedShow Answer

A violation of employment laws for hiring could result in lawsuits, fines, or reputational damage. What kind of control activity might a company initiate to prevent such a risk?

Correct AnswerverifiedShow Answer

Which of the following would not be considered an input to a business?

Correct AnswerverifiedShow Answer

Discuss the advantages for a company to pursue a higher level of maturity and integrate the information systems for payroll processes.

Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention?

Correct AnswerverifiedShow Answer

Which department should an employee consult to ask questions about withholdings on a paycheck?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedIM should process payroll in the accounting department. While HR owns and manages the data necessary for payroll check processing, the accounting department should process the payroll checks to ensure proper segregation of duties between HR and the accounting department.

Many large accounting firms onboard groups of new hires together. The onboarding process includes several weeks of training together. In what way can this type of onboarding be beneficial to the firm?

Correct AnswerverifiedShow Answer

What type of employee onboarding analytics may identify issues in the onboarding process?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

At what point in the employee termination process is data collected from the exiting employee?

Correct AnswerverifiedShow Answer

What type of employee onboarding analytics may yield identification of skillset gaps among new hires?

Correct AnswerverifiedShow Answer

Which department owns the data used for payroll processing?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified
IM should process payroll in the accounting department. While HR owns and manages the data necessary for payroll check processing, the accounting department should process the payroll checks to ensure proper segregation of duties between HR and the accounting department.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified