question archive Which of the following is the most effective internal control to prevent ghost employees? - Segregate the duties of the cashier and the accounts receivable clerk
Which of the following is the most effective internal control to prevent ghost employees? - Segregate the duties of the cashier and the accounts receivable clerk
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Which of the following is the most effective internal control to prevent ghost employees?
- Segregate the duties of the cashier and the accounts receivable clerk.
- Have one person responsible for the hiring and payroll functions.
- Segregate the duties for the hiring and payroll functions.
- Insure that the payroll account is reconciled in a timely manner.
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The correct answer is - Segregate the duties for the hiring and payroll functions.
Segregation of duties is applicable in this situation in order to avoid the ghost employees. The person assigned in preparing the payroll must have no access to hiring or treasury functions to have an effective internal control.
