content area top Part 1 Although most medium and large companies have implemented sophisticated payroll and HRM systems, many smaller companies still maintain separate payroll and HRM systems that employ many manual procedures. Typical of such small companies is the Kowal Manufacturing Company, which employs about 50 production workers and has the following payroll procedures: View the payroll procedures.LOADING... Read the requirements.LOADING... Question content area bottom Part 1 Requirement a. Identify weaknesses in current procedures, and explain the threats that they may allow to occur. We will review the first six procedures in this step, and the last five procedures in the following step. For each procedure, identify whether it poses a weakness, and what the threat of any weakness identified poses. (Select "N/A" in the Threat column if the procedure given is not a weakness. "Threat" selections may be used more than once or not at all. ) Procedure Is the procedure a weakness? Threat Factory supervisor hires all job applicants and forwards their W-4 form to the payroll clerk. The new employee prepares a W-4 form (Employee's Withholding Exemption Certificate). Factor supervisors determine pay rates. The supervisor verbally advises the payroll department of any subsequent pay raises