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.