Match the four functions of payroll activities with their related internal controls: a.   An independent employee should sign and distribute the prenumbered checks.   select a function                                                           Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping b.   Supervisors should monitor hours worked through time reports.   select a function                                                           Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping c.   Human Resources department should authorize employment.   select a function                                                           Hiring EmployeesPaying the PayrollPreparing the PayrollTimekeeping d.   Two or more employees should verify payroll amounts.   select a function

Q: What tasks does a payroll clerk perform upon receipt of hours-worked data from the production…

A: Payroll Clerk: Payroll clerk is a person who calculates the payroll of employees by using personnel…

Q: below presents the payroll procedures of XYZ Limited. We discussed various aspects of such payroll…

A: Payroll In a simple word payroll means the compensation which are provided by the companies to its…

Q: Describe a walkthrough of the payroll transaction flow from hiring authorization to payroll…

A: Payroll Cycle: The payroll cycle is commenced with the hiring and dismissal of an employee along…

Q: (a) the payment of an unauthorized employee and (b) omission of payments to an employee may be…

A: Introduction: Payroll is a term that refers to a company's roster of employees and the money sent to…

Q: The following are typical questions that might appear on an internal control questionnaire for…

A: The key Internal control activities are as follows:- Segregation of duties Authorization and…

Q: In quickbooks, What is the process for setting up the payroll system?

A: QuickBooks: QuickBooks are accounting software that provides various types of tools to manage your…

Q: Which aspect of internal controls for payroll relates to the Sarbanes-Oxley Act?

A: The Sarbanes-Oxley Act places a strong emphasis on internal controls over financial reporting to…

Q: tive is: Ocurrence it evidence is: Documentation - vouching s the accounts receivable sub-ledgers…

A: Audit assertions are also regarded as the management assertions which are the claims of the…

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: • The purpose of scanning the fingerprint of each employee in an organization is used to collect…

Q: Emotionally distressed employees who have just been terminated may rely on the payroll administrator…

A: Your issue concerns the responsibilities of a payroll administrator in dealing with the requirements…

Q: List the supporting documents and records the auditorwill examine in a typical payroll audit in…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: The following are typical questions that might appear on an internal control questionnaire for…

A: There are 2 types of substantive audit procedures:- Test of detail Analytical procedures

Q: For the purpose of internal control, the same person who prepares payroll checks should also…

A: The segregation of duties is a fundamental principle in internal control, and it is designed to…

Q: Evaluate the difficulties associated with preventing and detecting payroll fraud.

A: Payroll is the compensation that a firm must pay to its employees on a given day and for a specific…

Q: Which control activity is the entity implementing when the system verifies that all payrol payments…

A: Payroll processing is an important function in an organization that involves net pay to the employee…

Q: Advise the college on the weakness in its systems and procedures due to payroll fraud.

A: List of some actions to be taken by college on the weakness in its systems and procedures due to…

Q: ARE YOU RIGHT OR WRONG? 1. Ideally, each salary check was handed to the employee, who signs a…

A: Introduction:- Payroll check is issued for the payment of salary. Payroll is the process of paying…

Q: during my practicum internship i was given the task to do Preparation of payroll . what will be my…

A: As a payroll intern, your primary responsibility will be to assist the payroll department in all…

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: CONTROL PROCEDURES ARE THE SPECIFIC ACTIONS THAT MANAGEMENT TAKES TO MAINTAIN CONTROL AND TO ENSURE…

Q: Describe a minimum of three ways Accounting Iinformation System can help minimize or eliminate…

A: Following are the three ways that helps to minimize and eliminate inaccurate time and attendance…

Q: Are any time lags in recording economic events typically experienced in payroll systems? If so, what…

A: Economic developments take time to record. There is a gap in time between two processes. The time…

Q: There are two basic activities in the HR Department. The first is employee maintenance (payroll…

A: Under the activity based costing method, the cost is allocated to each activity based on its…

Q: What features of a payroll system could be expected to prevent or detect the (a) payment of a…

A: Payroll: Payroll refers to the list of employees in a company and the amount paid to them in the…

Q: When two or more people get together for the pur Select one: O A. a division of duties. OB. bonding…

A: It seems like there might be a part of the question missing, but based on the provided options, the…

Q: What are solutions a company can take to protect itself against any employees committing fraud…

A: Payroll theft or fraud is the misusing of the company's funds to issue wrong payments or salaries.…

Q: Before hiring someone for a position involving access to cash, checks or inventory, a company should…

A: The answer for above question is given below:

Q: Select the appropriate control activities for each of the following definitions. Definitions Control…

A: a. Physical control

Q: payroll system in the accounting department

A: Payroll system integrates all processes that include recording employee details, calculation and…

Q: Which of the following would help prevent a payroll check from being processed for more hours than…

A: Hash Total:Explanation: A hash total is a type of control total used to ensure data integrity by…

Q: Figure 4.1 below presents the payroll procedures of AAA Limited. We discussed various aspects of…

A: Payroll system The purpose of implementing the payroll system into the firm is to provide the…

Q: An audit client has engaged a third-party service organization tohost its payroll software package…

A: Given: The engagement of the third-party for hosting the payroll software package.

Q: Why is it important for a business to have good internal controls where payroll is concerned? What…

A: Please find the answer to the above questions below:

Q: As the internal auditor for Permalite Products, you have been asked to document the company's…

A: Payroll processing is one of the important business function. Under this all payments being made to…

Q: An auditor found that employee time records in one department are not properlyapproved by the…

A: Option 3 is correct.