The following is an excerpt from an Internal Control Questionnaire for a payroll system. Assume the answer to each question is no. Use a table matching the questions to

The following is an excerpt from an Internal Control Questionnaire for a payroll system. Assume the answer to each question is no. Use a table matching the questions to errors or frauds that could occur because of the absence of the control.
PROVIDE DETAILED EXPLANATIONS

Comments
YES/NO
Control Environment
1. Are all employees paid by check or direct deposit?
No
2. Is a special payroll bank account used?
No
3. Are payroll checks signed by persons who do not prepare checks or keep cash funds or accounting records?
No
4. If a check-signing machine is used, are the signature plates controlled?
No
5. Is the payroll bank account reconciled by someone who does not prepare, sign, or deliver paychecks?
No
6. Are payroll department personnel rotated in their duties? Required to take vacations? Bonded?
No
7. Is there a timekeeping department (function) independent of the payroll department?
No
8. Are authorizations for deductions signed by the employees on file?
No

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.