EVALUATION OF PAYROLL CONTROLS
A foreman of a construction company is responsible for a...
Business, 05.03.2020 07:29, cynthiauzoma367
EVALUATION OF PAYROLL CONTROLS
A foreman of a construction company is responsible for a construction crew comprising many unskilled workers. Their tasks consist of mixing cement, digging foundations, and loading onto trucks. The work is hard, and employee turnover rate is high and individuals often leave without notice. Throughout the work week, employees record their attendance on separate time cards, which the foreman approves and submits to the payroll department at the end of week. Based on the time cards, the payroll department prepares the paychecks and sends them to the foreman who then distributes the checks to his work crew.
Required
a. prepare a systems flowchart of the procedures described here
b. identify any control problems in the system
c. what sorts of fraud are possible in the system?
Answers: 2
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