Describe in detail the controls over payroll in auditing.
Not what you're looking for?
Describe in detail the controls over payroll in auditing.
Please list at least one reference.
Purchase this Solution
Solution Summary
The solution describes in detail the controls over payroll in auditing. The expert lists at least one reference.
Solution Preview
There should be several controls over payroll, including controls over payroll processing, in each organization. One of the main controls with payroll is a proper separation of duties. No one employee should have complete control over any one area of payroll, and no one employee should have more than one major duty within the payroll cycle. This prevents the person from preparing the payroll ledgers from writing out the actual checks (or inputting the data into the computer for computer-printed checks). It also prevents the person who signs the checks from ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Motivation
This tests some key elements of major motivation theories.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.