Refer to the flowchart of Problem 2. Required a. What risks are associated with the payroll procedures
Question:
Refer to the flowchart of Problem 2.
Required
a. What risks are associated with the payroll procedures depicted in the flowchart?
b. Discuss two control techniques that will reduce or eliminate therisks.
Transcribed Image Text:
Payroll Department Employee Supervisor TimeCard Time Card supervisor Approves and Signs Time Cards Prepare Paychecks Paycheck Paycheck Paycheck Supervisor Distributes Paychecks to Employees
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a The payroll department has no independent information as to chan...View the full answer
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