Describe in detail the controls over payroll in auditing.
Please list at least one reference.© BrainMass Inc. brainmass.com June 4, 2020, 2:18 am ad1c9bdddf
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 ...
The solution describes in detail the controls over payroll in auditing. The expert lists at least one reference.