Question: Prepare ICP - 1 memo: Explain SOC 1 Type 2 report usage. State whether it satisfies audit obligations for internal controls. Assess segregation of duties

PrepareICP-1memo:
Explain SOC 1 Type 2 report usage.
State whether it satisfies audit obligations for internal controls.
Assess segregation of duties in payroll:
Time approval
Record maintenance
Payroll authorization
EFT processing
Treasurer review

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