Answer (C) is correct . The payroll department is responsible for assembling payroll information (recordkeeping). The personnel department is responsible for authorizing employee transactions such as hiring, firing, and changes in pay rates and deductions. Segregating the recording and authorization functions helps prevent fraud.
Answer (A) is incorrect because The treasurer should perform the asset custody function regarding payroll.
Answer (B) is incorrect because Authorizing overtime is a responsibility of operating management.
Answer (D) is incorrect because Unclaimed checks should be in the custody of the treasurer until they can be deposited in a special bank account.
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