Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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Which of the following requires payroll authorization?

Clocking in procedures
Changes in pay rates
Annual performance reviews
Employee feedback collection

The correct answer is: Changes in pay rates

The requirement for payroll authorization is critical in maintaining the accuracy and integrity of the payroll system. Changes in pay rates necessitate formal approval to ensure that any adjustments align with company policies, budgetary constraints, and relevant employment contracts or agreements. Authorized personnel are typically tasked with overseeing these modifications to prevent potential errors or fraudulent activities that could arise from unapproved changes. Clocking in procedures, while important for tracking employee hours, generally do not require formal approval as they are routine operational tasks. Annual performance reviews and employee feedback collection are vital for organizational development but do not directly affect payroll systems or require authorization regarding pay structure, making them less critical in this context. Thus, changes in pay rates stand out as essential for payroll authorization to maintain financial and operational order within a company.