Hippay plc, a listed company, has outsourced all their employee (including directors) remuneration to a service organization.
Question:
Hippay plc, a listed company, has outsourced all their employee (including directors) remuneration to a service organization. Hippay writes bespoke and general application software for environmental recording and employs 97 people.
Discussion
– Discuss the business risks attached to this company both in general and in respect of the outsourcing.
– Discuss the problems occasioned to the auditors by the outsourcing and how they might be overcome.
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Business Risks for Hippay Plc a Data Security and Privacy Outsourcing remuneration processing to a service organization introduces the risk of data breaches as sensitive employee information is shared ...View the full answer
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