Question

Two accountants were discussing control activities and tests of controls for payroll systems. The senior accountant in charge of the engagement said: “It is impossible to determine who authorizes transactions when the payroll account is computerized.”

Required:

Evaluate the senior accountant’s statement about control in a computerized payroll system. List the points in the flow of payroll information where authorization takes place.



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  • CreatedOctober 27, 2014
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