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 computerised. 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.
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 computerised. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 computerised.
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.
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