IIA Exam IIA-CRMA Topic 2 Question 58 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 58
Topic #: 2

Which segregation of duties would best reduce the risk of payroll fraud?

AHuman resources personnel add employees, and payroll personnel process hours and enter employee bank account numbers. Paychecks are automatically deposited in the employee's bank account.

BHuman resources personnel add employees, payroll personnel process hours, and human resources personnel deliver paychecks to employees.

CHuman resources personnel add employees, review and submit payroll hours to the payroll department for processing, and deliver paychecks to employees.

DHuman resources personnel add employees and enter employee bank information. Payroll personnel process hours, and paychecks are automatically deposited in the employee's bank account.

Show Suggested Answer

Suggested Answer: A

by Dean at Apr 03, 2023, 04:15 AM

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Bernardine

41 minutes ago

Option A looks like the best choice to me. Separating the responsibilities of adding employees, processing hours, and handling bank info reduces the risk of payroll fraud.

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Coletta

5 days ago

I disagree, I believe option C is better because it adds an extra layer of oversight.

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Eloisa

6 days ago

I think option A would be the best choice to reduce payroll fraud risk.

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