Being added on the payroll system

Assignment Help Accounting Basics
Reference no: EM13257570

The auditors of Annaly mortgage discovered that alot of fictitious employees were on the payroll system and were being paid salaries. Neither the CFO nor the Payroll manager was aware of the fraud. What could be the possible reasons for the fictitious employees being added on the payroll system?

Reference no: EM13257570

Questions Cloud

What is earth diameter : The equatorial diameter of earth is 7926 miles. If a mile equals 1.609Km, what is earth's diameter in kilometers?No words limits.
Find journal entry for sold merchandise : "Thirty-five years ago, young employees we hired wereambitious, conscientious, hardworking, and honest. What is the journal entry for: Sold merchandise for $10,000 and accepted a 10% 7-month note?
Patient at the regional clinic for the past 5 years : Why do you care whether the health information managers in the practice are licensed, certified, and registered professionals? What could go wrong?
What would be the momentum of this proton : how much work is required to accelerate a proton from rest up to a speed of 0.957c, what would be the momentum of this proton
Being added on the payroll system : What could be the possible reasons for the fictitious employees being added on the payroll system?
Determine the sequence generated from the circuit : Draw a 4-bit Linear Feedback Shift Register using a final transition/excitation equation of Q3+ = D3 = Q1 Q0. Determine the sequence generated from this circuit. How many states does the circuit cycle through when given an initial state of 0001
Use a formal strategic planning process : How do you explain the success of firms which do not use a formal strategic planning process?
Explain how much gas is in the cylinder : A cylinder contains 28.5L of oxygen gas at a pressure of 1.8 atm and a temperature of 298k. How much gas (in moles) is in the cylinder
Discuss how regular access to these media may affect : Television, movies, electronic games, Internet sites with video and animation, and mobile phones are common media for children and adults today.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd