Figure 4.1 below presents the payroll procedures of AAA Limited. We discussed various aspects of such payroll procedures. In the light of that discussion, identify the potential frauds possible in the payroll system of AAA Limited. Also, discuss the control techniques to avoid these frauds. [Word Limit: Up to 200 words]

Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter8: Controlling Information Systems: Introduction To Pervasive Controls
Section: Chapter Questions
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Figure 4.1 below presents the payroll procedures of AAA Limited. We discussed various aspects of such payroll procedures. In the light of that discussion, identify the potential frauds possible in the payroll system of AAA Limited. Also, discuss the control techniques to avoid these frauds. [Word Limit: Up to 200 words]

 

Employee
Payroll
Department
Supervisor
Time
Card
Time
Card
Time
Card
Supervisor Approves
and Signs Time Cards
Prepare
Paychecks
Paycheck
Paycheck
Paycheck
Supervisor Distributes
Paychecks to Employees
HIS019 Final Assessment T1 202
Transcribed Image Text:Employee Payroll Department Supervisor Time Card Time Card Time Card Supervisor Approves and Signs Time Cards Prepare Paychecks Paycheck Paycheck Paycheck Supervisor Distributes Paychecks to Employees HIS019 Final Assessment T1 202
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