Week 6 ACC
Since payroll is one of the largest company expenditures, there are risks and controls in the payroll process the company must maintain and keep in mind.
- Select two internal payroll controls discussed in your textbook, located in Chapter 10.
- 1. separation of the custody of payroll cash from reconciling the payroll bank account
- 2. supervisory approval of timesheets
- How did the company you researched compare to the industry in maintaining its payroll process, based on the AIS framework?
