The payroll register should be retained for the same amount of time as other payroll documents. True or False True False
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- Payroll records serve as backup forRefer to the flowchart.a. What risks are associated with the payroll procedures depicted in the flowchart?b. Discuss two control techniques that will reduce or eliminate the risks.Pls further explain and describe the diagram above and identify five types of errors that may cause a payroll record to be placed in the error file.
- What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? e. Cross-footing the payroll registerThe payroll information for a pay period is recorded in the general ledger. True FalsePlease complete the payrolll register. Note: this payroll register is partially done please complete the missing boxes with the right answers.
- For the purpose of internal control, the same person who prepares payroll checks should also distribute them. True or False True FalseFrom the diagram, identify three types of errors that may cause a payroll record to be placed in the error file. Use a program flowchart to illustrate the edit program.Explain audit for payroll
- Define the term payroll register.What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? h. Encryption of payroll data both when it is electronically sent to a payroll service bureau and while at rest in the HR/payroll database.What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? i. Establishing a separate payroll checking account and funding it as an imprest account.
