Forensic accounting-ghost employees

Reference no: EM1362703

The ability to add ghost employees to a company's payroll system is often the result of a breakdown in internal controls. What internal controls prevent an individual from adding fictitious employees to payroll records?

Reference no: EM1362703

Questions Cloud

Anticipated revenue and estimated rate of return : The XYZ has a choice between two warehouses. A lease at location A costs 1000 per month with a payment 2000 upfront to guarantee the 3 year lease. Location B would cost 1200 per month and would be leased from month to month.

Establishment of a contingent liability : Provide some example of a situation that requires the establishment of a contingent liability? Why should a company establish a contingent liability? How does the establishment of a contingent liability impact earnings?

Tax treatment legislation on employee disposable income : Explain the impact of tax treatment legislation on employee disposable income and employer profits.

Show employee and management training : Show do you feel that the employees and managers should train side-by-side so employees can feel more at ease knowing it is not all new to them only?

Forensic accounting-ghost employees : The ability to add ghost employees to a company's payroll system is often the result of a breakdown in internal controls. What internal controls prevent an individual from adding fictitious employees to payroll records?

Determine synergy from the merger : Fly-by-night Couriers is analyzing the possible acquisition of Flash-in the pan Restaraunts. Neither firm has debt. The forecasts of Fly-by-night show that the purchase would increase its annual after-tax cash-flow by $600,000 indefinately.

What is the speed of sound in water : A sound wave moving through water has a frequency of 256Hz and a wavelength of 5.77m.What is the speed of sound in water.

Manage the cost of processing orders : Manage the cost of processing orders - How might an operations manager use this information to manage the cost of processing orders?

Explain the similar bonds without a conversion feature : Explain the Similar bonds without a conversion feature returned 10% at the time and The bond is convertible into stock at a price of $35

User Account

All Pages