Question: Identify a control plan from the list below that best addresses that failure. It can be a preventive or detective control. Put the letter next

Identify a control plan from the list below that best addresses that failure. It can be a preventive or detective control. Put the letter next to the number of the process failure rather than the name ofthe control plan. Each letter should be used only once, and you will have one letter left over. Provide a brief explanation of your choice for each ofthe numbered items List of Control Plans A. Automated time data entry B. Hash totals of employee ID numbers C. Programmed edit checks reasonableness test D. Imprest payroll bank account E. Automated preparation of attendance time sheets for the next pay period (i.e., turnaround documents) F. Record counts of time sheets Process Failures 1. Smith Company has experienced problems with a lack of agreement between the cash that is transferred ahead oftime to the bank account based on the journal entry provided for the payroll and payroll tax accruals and the amount that is debited to the various expense and asset accounts to distribute labor costs. 2. Time data entry clerks have not been doing a good job lately of making sure that the correctly completed time sheets that they receive from employees are actually entered into the system correctly 3. John has been with the company for 30 years and his eyesight has started to decline. However, he refuses to get it's a vanity thing according to him. As a result, when he is entering time attendance data, he is misreading 5's for 6's. This data is frequently processed against the wrong employees in the employee master data file since employee numbers can begin with either a 5 or 6. The company otherwise has a payroll system that works fine. It needs a control that can catch these errors. 4. Employees in a rush to prepare their manual time sheets in a small company are often causing errors because they are spelling their critical information incorrectly or transposing digits in their employee ID numbers. 5. Jan had a scam worked out where she would occasionally type in an extra 0" on the end of the hours worked field so that a few of her friends were paid for 350 hours of worked instead of 35
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
