Question: Your question: Explain the risks, controls and control classification that arise in the following cases. 1. An inadvertent data entry error caused an employee's

Your question: Explain the risks, controls and control classification that arise in

Your question: Explain the risks, controls and control classification that arise in the following cases. 1. An inadvertent data entry error caused an employee's wage rate to be overstated in the payroll master file. 2. A fictitious employee payroll record was added to the payroll master file. 3. A computer operator used an online terminal to increase her own salary. 4. A factory employee punched a friend's time card in at 1:00 P.M. and out at 5:00 P.M. while the friend played golf that afternoon. 5. Some time cards were lost during payroll preparation; consequently, when paychecks were distributed, several employees complained about not being paid. Answer template (write your answer in the below template for each of the 5 cases): I. Risk: Control: Type of Control

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