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- What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? g. Use of a fingerprint scanner in order for employees to record the time they started and the time they quit working each day.What is the purpose of the following control procedures (i.e., what threats is it designed to mitigate)? f. Limit checks on hours worked for each time card.Case Study. In an automated payroll processing environment, a department manager substituted the time card for a terminated employee with a time card for a fictitious employee. The fictitious employee had the same pay rate and hours worked as the terminated employee. The best control technique to detect this action using employee identification numbers would be______________. Explain your answer.
- In an automated payroll processing environment, a department manager substituted the time card for a terminated employee with a time card for a fictitious employee. The fictitious employee had the same pay rate and hours worked as the terminated employee. The best control technique to detect this action using employee identification numbers would be aa. batch total.b. record count.c. hash total.d. subsequent check.e. financial total.Which control activity is the entity implementing when at the end of each month, an HR clerk is reviewing the employees hours for payroll calculation ? Select one: a Independent checks on performance b. Adequate separation of duties c. Physical control over assets and records d. Adequate documents and recordsGiven the information below, Marco only issues accounts and passwords to employees with jobs requiring computer data entry or access to file information and reports. Passwords are required to enter the system. Access is limited such that employees only have access to the information they need to perform their duties. Access is also limited in nature such that some employees who do not have the authority to enter data have read-only access while those whose jobs require data entry have both read and write access. Normal access to the files takes place via the software, which subjects any input to various logical and numerical tests. What is the: a) potential control strength and (b) potential mistatement detected or corrected.
- Which of the following is NOT an example of application control?* a. Pre-filled forms are already sent to users to minimize input errors b. After processing, the daily sales summary are reconciled with the individual sales invoices processed c. Reasonableness tests on acceptable working hours are embedded in the payroll software d. An equipment failure causes an error message on the monitorExplain in detail how the following relate to Advanced Technology Payroll Systems: Human Resources, Cost Accounting, Employee Timekeeping, Data Processing. Explain the following: Time and Attendance File, Biometric Time Clock, Magnetic Swipe ID Cards, Proximity Cards, Mobile Remote Devices. What are the payroll systems risks and internal controls?how can you enter data from client documents without printing the documents which client had a job change in 2021
- The purpose of an audit trail is to be able to trace a transaction from its origin through source documents to the final output or backwards from the final output to the original source documents to prove the accuracy and validity of ledger postings. With the aid of visual diagrams, describe in detail the audit trail for the following in a manufacturing business: Shipping an order to a customer Customer returns defective goods Employee payroll for employee wages (using time cards or time sheets)Which of the following is least likely to be an attribute of an employee table in a normalized database?a. employee nameb. employee addressc. employee numberd. employee supervisor’s namee. all of these would be attributes of the employee table in a normalized database.Which of the following documentary evidence is considered ? the most reliable Select one a. Written policies and procedures b. Vendor invoices c. Letters from outside attorneys d . Employee time sheets
