Please provide detailed explanation and processes.

Payroll: risks and controls

Processes that are typically executed before, during and after a payroll cycle:

Employees register their hours worked.

The supervisor reviews and approves with its signature the time records of each employee.

An officer of the Human Resources Department updates the archives of the employees after receiving the authorized records of the extra hours and licenses (vacations, disease, etc.) by the supervisor. Then, send the approved records to the payroll officer in the Accounting Department.

The payroll officer determines the gross payment, apply the deductions and calculate the net payment. Then, send the final payroll for control of the comptroller.

Payments are issued to employees through their preferred delivery method (check or direct deposit).

Inputs are generated to the wages corresponding to the payroll.

The withholdings for payroll and social security taxes and Medicare are referred respectively to the Department of Finance and the Internal Revenue Service (Internal Revenue Service), also known as the Internal Revenue Service.

A final payroll registration is generated, which is shared with the cash disbursement department, where it is filed.

Depending on the size of the company, this process can be carried out in its entirety manually or electronically.

Need the following:

a) Create flowchart of the payroll system, assuming that the entire process will be done entirely electronically. Divide the diagram into processes related to the employee, supervisor, and payroll and human resources departments.

b) Discusses the fraud risks that electronic payroll processes are exposed to.

c) Explain the controls you implemented in your system to reduce the fraud risks mentioned above.