Question: Explain the reasoning behind the need for controls over: a) Hiring employees. b) Authorizing payroll changes. c)Preparing attendance and timekeeping data.

Explain the reasoning behind the need for controls over:

a) Hiring employees.

b) Authorizing payroll changes.

c)Preparing attendance and timekeeping data.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

ACCT 332 - AUDITING 2 Question 1 The following items are documented in the audit working papers: Sales transaction included in the year ended December 31, 2016, but evidence from the cut-off...

Q:

Explain the reasoning behind the need for controls over: a) Hiring employees. b) Authorizing payroll changes. c) Preparing attendance and timekeeping data.

Q:

Explain the reasoning behind the need for controls over: a) Hiring employees. (3 Marks) b) Authorizing payroll changes. (3 Marks) c) Preparing attendance and timekeeping data. (3 Marks)

Q:

1. A set of characteristics that helps to define a seriousness about employees' attitudes about the control activities in a company is referred to as A. Management assertions. B. Control environment....

Q:

Human Resources and Payroll Processes 1. The advantages of a higher level of maturity for payroll processing do not include: a. a single source of HR and payroll data b. reducing data redundancies c....

Q:

Describe the business your group is going to start: Tennis teaching school for all ages and all abilities (tennis club) a. What is your business catchy name? Maverick Tennis Academy b. What is your...

Q:

Which of the following activities is incompatible? A. Hiring employees and authorising changes in the pay rates. B. Preparing the payroll and filling payroll tax forms. C. Signing and distributing...

Q:

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Q:

Need help with my final project Part 2 ASAP It has a part A and Part B Part A is an Excel Sheet and Part B is a word document. Will provide extra information. The directions will be found in the...

Q:

Explain the relevance of the procedural role of the forensic accountant in this specific fraud examination. Outline which fraud schemes could impact the organization during this specific fraud...

Q:

Q 12. A mass m of a particle moves along Hyperboloid (shown below) at a time t find the equation of motion of a particle using "E. Lagrange's equations of motion" HYPERBOLOID x + y-22 = 1 z = r2-1 p=...

Q:

Weighted-average method, equivalent units. Consider the following data for the assembly division of Stiles Watches, Inc. The assembly division uses the weighted-average method of process costing....

Q:

5 Maltiple Choice 1 point Is the estimated percent change in the funds liabilcies if the yleld changes by 1 0 0 basls poista? 2 . 1 0 % 2 3 0 % 2 2 0 0 6 2 . 0 0 6

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Define cultural relativism, ethnocentrism, and stereotyping; explain how each one affects communication. (Objective 2)

Q:

Assume that you are a U.S.marketing consultant who has just opened a branch office in Germany. Your branch manager and marketing representative in the branch office are Germans. They are natives of...

Q:

If you were communicating with a business contact from Malaysia, how would you change the structure and content of your message? (Objectives 4 and 5)