Employee Integrity and motivation should be considered when a process has to be changed. Although implementing additional controls comes at a cost to the organization, the benefit almost always outweighs the cost. In this case, the obvious remedies are either someone needs to be responsible for auditing payroll records on a regular basis, or it needs to be automated.
Which of these two controls would cost less and prove more effective? Is there a different, more cost effective strategy we should consider?© BrainMass Inc. brainmass.com November 30, 2021, 6:03 am ad1c9bdddf
Automating payroll records would definitely be the more effective strategy even though it would cost more. If we were to use a strategy where a person is responsible for auditing payroll records, the error rates are automatically higher simply due to the fact that humans ...
This solution explains which of the two controls listed would cost less and be more effective. I also discuss if there is a different, more cost effective strategy that should be considered. The two controls that would cost less and prove more effective are determined.