Glasscon (Pty) Ltd, a manufacturer of glass containers, has recently been awarded a major contract which will require the company to employ approximately thirty new hourly paid factory workers. With recruiting procedures completed, the newly appointed personnel must be added to the employee Masterfile. The company’s payroll cycle is fully computerized. Describe the controls which should be carried out to ensure that only validly appointed employees are added to the employees Masterfile and that all details pertaining to the additions, are accurately and completely recorded. 3.2 Fraud in South Africa is negatively affecting economic growth and development. Corporate scandals are costing shareholders millions of rands and fraud in the public sector is adversely affecting service delivery. Discuss FIVE (5) types of fraudulent activities.
Glasscon (Pty) Ltd, a manufacturer of glass containers, has recently been awarded a major contract which will require the company to employ approximately thirty new hourly paid factory workers. With recruiting procedures completed, the newly appointed personnel must be added to the employee Masterfile. The company’s payroll cycle is fully computerized. Describe the controls which should be carried out to ensure that only validly appointed employees are added to the employees Masterfile and that all details pertaining to the additions, are accurately and completely recorded. 3.2 Fraud in South Africa is negatively affecting economic growth and development. Corporate scandals are costing shareholders millions of rands and fraud in the public sector is adversely affecting service delivery. Discuss FIVE (5) types of fraudulent activities.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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3.1 Glasscon (Pty) Ltd, a manufacturer of glass containers, has recently been awarded a major contract which will require the company to employ approximately thirty new hourly paid factory workers.
With recruiting procedures completed, the newly appointed personnel must be added to the employee Masterfile. The company’s payroll cycle is fully computerized.
Describe the controls which should be carried out to ensure that only validly appointed employees are added to the employees Masterfile and that all details pertaining to the additions, are accurately and completely recorded.
3.2 Fraud in South Africa is negatively affecting economic growth and development. Corporate scandals are costing shareholders millions of rands and fraud in the public sector is adversely affecting service delivery.
Discuss FIVE (5) types of fraudulent activities.
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