Supervisor Payroll Department Accounts Payable Cash Disbursements Time Cards Time Cards Payroll Register Cash Disb Voucher Personnel Action Transfer Funds to Раyroll Clearing Account Review and Prepare Personnel Action Prepare Paychecks and Review and Employee Records Authorize Update Records Cash Transfer Time Cards Personnel Action Cash Disb Рayroll Register Cash Disb Vouchers Paychecks Payroll Register Voucher Paychecks Funds Transfer Check Bank Review and Distribute Paychecks Employees
Supervisor Payroll Department Accounts Payable Cash Disbursements Time Cards Time Cards Payroll Register Cash Disb Voucher Personnel Action Transfer Funds to Раyroll Clearing Account Review and Prepare Personnel Action Prepare Paychecks and Review and Employee Records Authorize Update Records Cash Transfer Time Cards Personnel Action Cash Disb Рayroll Register Cash Disb Vouchers Paychecks Payroll Register Voucher Paychecks Funds Transfer Check Bank Review and Distribute Paychecks Employees
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Discuss the risks depicted by the payroll system flowchart. Describe the internal control improvements to the system that are needed to reduce these risks.

Transcribed Image Text:Supervisor
Payroll Department
Accounts Payable
Cash Disbursements
Time Cards
Time
Cards
Payroll
Register
Cash Disb
Voucher
Personnel
Action
Transfer
Funds to
Раyroll
Clearing
Account
Review
and
Prepare
Personnel
Action
Prepare
Paychecks
and
Review and
Employee
Records
Authorize
Update
Records
Cash
Transfer
Time Cards
Personnel
Action
Cash Disb
Рayroll
Register
Cash Disb
Vouchers
Paychecks
Payroll
Register
Voucher
Paychecks
Funds Transfer
Check
Bank
Review
and
Distribute
Paychecks
Employees
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