APA
CPP-Remote
Q1:
The KEY difference between user guides and payroll policies and procedures is:
○
A
User guides focus on tasks associated with automated tools.○
B
Payroll policies and procedures set company policies and standards.○
C
User guides help payroll personnel interpret company policy.○
D
Payroll policies and procedures permit human resources to design new compensation and benefits programs.
APA
CPP-Remote
Q2:
All of the following practices are acceptable to an external auditor EXCEPT:
○
A
the accounting dept reconciling the payroll checking account○
B
the payroll supervisor verifying that deposits are made timely○
C
storage of blank payroll checks in the payroll dept○
D
the treasury dept being responsible for the signature of payroll checks
APA
CPP-Remote
Q3:
Which of the following steps is LEAST important during the parallel testing phase of a new payroll system?
○
A
the testing of EE earnings and deductions accuracy○
B
the verification of EEs transferred to the new system from the old system○
C
the verification of tax withholding calculations for EEs○
D
testing the functionality of a wage attachment process
APA
CPP-Remote
Q4:
When determining the value of ER-provided parking, which of the following valuation methods is allowed?
○
A
ER's cost○
B
EE's cost○
C
lower of EE's cost or fair market value○
D
fair market value
APA
CPP-Remote
Q5:
One element of a payroll calendar is:
○
A
pay frequency○
B
hire dates○
C
total remuneration○
D
social security numbers