PROBLEM 6: PAYROu FLOWCHART ANALYSS Supervisor Payroll Department Cash Disbursements Time Cards Tme Carda Payrol Register Penonnel Action Review and Prepare Personnel Action Propare Checks and Update Records Review and Authorize Cash Transfer Employee Records Tme Cards Pesonnel Action Payrol Register Paychecks Payroll Register Paychecks Funds Transfer Check Bank Review and Distribute Paychecks Employees

Q: Which of the following are correct regarding why management uses internal controls? (Check all that…

A: The objective of this question is to identify the correct reasons why management uses internal…

Q: How audit programs that need to be made to detect vulnerabilities in the firewall?

A: Auditing for security is very important and requires frequent and strict auditing that covers…

Q: What category of control procedures best describes a reconciliation account, such as Accounts…

A: Internal Controls:   It refers to a process for ensuring the business is conducted in an effective…

Q: Describe the benefits of internal control report.

A: Internal Control Report:   An internal control report is the end result of the conducting an…

Q: An internal auditor is examining the effectiveness of procedures management established to protect…

A: "Independent examination of financial information of any company, whether profit-oriented or not,…

Q: The system experts perform the design and implementation phases of the system development life…

A: Accountants are involved in the creation of systems in three ways. The first is that accountants are…

Q: How can organizations ensure the seamless integration of computerized accounting systems with other…

A: Computerized Accounting System:It is an accounting information system that processes financial…

Q: Which of the following controls would most effectively minimize the need to correct failures to…

A: An account is a formal record or arrangement maintained by a financial institution to track various…

Q: Reflect on enterprise systems failures with respect to the challenges presented? Discuss what areas…

A: The objective of the question is to understand the common challenges and failures associated with…

Q: project plan is a company's information security blueprint, but how does this occur?

A: step 1  A security blueprint can be defined as a comprehensive plan for managing an organization's…

Q: Process Activities PIC Order data that is inputted on the PDA is synchronized to the computer to…

A: Part 1 Automatic creation of Sales data from order data is not an effective method from Internal…

Q: What is a customer loyalty program, and how is such a program accounted for?

A: Customer loyalty program: A customer loyalty program is a program run by a company that offers…

Q: Describe how internal control systems help organizations achieve objectives and respond to risks.

A: Internal control systems are a set of procedures and mechanisms put in place by an organization to…

Q: Explain two of the risks companies face when outsourcing the IT function. How can the risks you…

A: Outsourcing means the business practice of hiring other businesses to perform functions of the…