Question: Perform an internet search and identify two payroll service providers
Perform an internet search and identify two payroll service providers. Research the two companies. Compare and contrast the types of services they provide. Include in your research any financial information including what is provided on the SEC Edgar site. What are the primary sources of service revenue for the two companies? What do they describe about the controls they have in place to protect the user companies that are their customers?
Answer to relevant QuestionsGo to the SEC Edgar website and search for any company with which you are familiar that manufactures products. Read the company’s financial statement note disclosure for inventory, both in note 1 and other notes. Do you ...What are management’s objectives related to payroll?What functions does the user company need to perform when payroll processing is outsourced?What liability accounts are related to payroll?The following audit steps are to test ownership of inventory.Review consignment contracts and scan inventory records for inclusion of amounts for any consigned items not owned.Review sales contracts for bill-and-hold ...
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