In learning about auditing various company operations, you read about payroll as another area that is subject to fraud and errors.
• Choose any of the payroll functions, such as timekeeping, entering new employees, issuing payroll checks, etc.
• Create a written narrative that describes your chosen process in terms of:
• Transactions processed,
• Employees and the tasks they perform,
• Documents prepared,
• Records maintained,
• And the segregation of duties.