State the action that must be taken by the company on the Person K for refusing to return the four checks.

Question

TJ, a salaried employee, was terminated from the company in June of this year. Business had been slow since the beginning of this year, and each of the operating divisions had laid off employees. TJ's dismissal was processed through the Human Resources Department, but the information was not relayed to the corporate payroll office. As had been the policy, checks for the workers at remote sites were mailed (or directly deposited) to the employees. The mailing of TJ's checks continued for the next four weekly paydays. It wasn't until the monthly payroll reports were sent to TJ's supervisor that the error was detected. TJ refused to return the four extra checks. What action should the company take?

Answer 1

Question

Chapter 1, Problem 1CP

To determine

State the action that must be taken by the company on the Person K for refusing to return the four checks.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

TJ, a salaried employee, was terminated from the company in June of this year. Business had been slow since the beginning of this year, and each of the operating divisions had laid off employees. TJ's dismissal was processed through the Human Resources Department, but the information was not relayed to the corporate payroll office. As had been the policy, checks for the workers at remote sites were mailed (or directly deposited) to the employees. The mailing of TJ's checks continued for the next four weekly paydays. It wasn't until the monthly payroll reports were sent to TJ's supervisor that the error was detected. TJ refused to return the four extra checks. What action should the company take?

Ken, a salaried employee, was terminated from his company in April of this year. Business had been slow since the beginning of the year, and each of the operating plants had laid off workers. Ken’s dismissal was processed through the Human Resources Department, but the information was not relayed to the corporate payroll office. As had been the policy, checks for workers at remote sites were mailed to the employees. The mailing of Ken’s checks continued for the next four weekly paydays. It wasn’t until the monthly payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. Questions to be Answered: 1) What actions should the company take, if any, against Ken? 2) What actions should the company take internally to ensure a situation like this does not happen again?

Leon Jones worked in the warehouse of a large building supply company. One day he unexpected left for Fiji, never to return. His supervisor seized the opportunity to continue to submit time cards for Leon to the payroll department. Each week, as part of his normal duties, the supervisor received the employee paycheques from payroll and distribute them to the workers on his shift. As Leon was not present to collect his paycheque, the supervisor forged Leon’s name and cashed it. Required:Describe two control techniques to prevent or detect this fraud scheme.