(a) (b) Labour is an important consideration in the valuation of inventory in manufacturing construction and other industries. Payroll is an area in which company resources can be wasted because of inefficiency or stolen through fraud. Required: Briefly explain FIVE (5) internal controls over the payment of payroll function. (5 marks) Differentiate between review of audit documentation and independent review.

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Business Research Methods

12th edition

Authors: Donald R. Cooper, Pamela S. Schindler

ISBN: 978-0073521503