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    121 Rasberry

    Uploaded by

    Ahmed Ali

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    121 Rasberry

    Uploaded by

    Ahmed Ali
    14 views2 pages

    Original Title

    121 rasberry

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views2 pages

    121 Rasberry

    Uploaded by

    Ahmed Ali

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    a.

    ) i and ii)

    Key controls Test of controls


    The new joiner forms are processed by the Trace the copy of the new employee forms
    HR department while the payroll only sets back to their origin in order to confirm that
    up payments. This shows segregation of it is the HR department that sends them.
    duties between the two departments
    hence there is independency between
    them.
    The payroll being unable to set up Within the payroll system, attempt to set
    employees without the staff number is an up an employee without the staff number
    effective control which will ensure that to find out if it rejects it or not.
    payments are only made to employees that
    actually exist and that there is no chance of
    double payments.
    The production supervisor determining the Compare the recordings of the production
    amounts to be paid means that the supervisor and the respective information
    payments are authorized before being held by the payroll department to match
    processed and this also presents them.
    independency as the payroll department
    has nothing to do here.
    The reconciliation with the government For a sample on reconciliations identify if
    statements ensures that employees will not any discrepancies have been discovered
    be declaring incorrect information and any and properly solved in due time.
    such attempts will be discovered.
    The production and non- production Obtain the bank statement and cash book
    employees using different methods of and confirm that the payments made were
    payment means that it is easier to narrow only to the employees of their respective
    down any errors, omissions or fraud to the departments.
    specific department.

    b.)

    Deficiencies Recommendation
    The net pay calculations are not checked Have a staff member that specifically
    which means any attempts of fraud or any checks the calculations and informs the
    errors will not be discovered. payroll manager of any issues discovered.
    The employee is the one that notifies if the Obtain statements from the relevant
    loans are paid in full. This means that the organizations in order to know the
    company might keep on paying by mistake. outstanding payments.
    With the holiday request forms not being Forms must always be filled by employees
    authorized, this means that there is no way and authorized by line managers by
    to determine the period of leave of the comparing them to the duration of leave
    employees. This can result in them taking and the amount of 28 days they have taken
    holidays beyond their given time. already.
    There are only two members of staff that Once the pay packets are produced and
    work on the pay packets. This presents a checked they must be authorized by a
    risk of collusion as they can easily work senior staff that compares the amount and
    together to steal money by creating more overall quantity with the employee list.
    pay packets than the number of
    employees.
    The costs, wages and salaries are not The payments must be analysed and where
    analysed which means that errors are less large differences are found between the
    likely to be discovered and this also creates budgets and actual amounts, they must be
    opportunity for frauds. investigated.

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