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  • Payroll System

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    Fatemah Mohamedali
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    The payroll system at Raspberry Co has key controls to reduce risks. The HR department sets up new employees separately from payroll and uses clock cards to track employee hours worked, which are automatically transferred to payroll to ensure accurate payment amounts. Production employees must swipe their cards at the start and end of shifts while under video observation to prevent buddy punching or payment for hours not worked. Auditors review job descriptions for segregation of duties between HR and payroll and observe clock card use to test these controls.

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    The payroll system at Raspberry Co has key controls to reduce risks. The HR department sets up new employees separately from payroll and uses clock cards to track employee hours worked, which are automatically transferred to payroll to ensure accurate payment amounts. Production employees must swipe their cards at the start and end of shifts while under video observation to prevent buddy punching or payment for hours not worked. Auditors review job descriptions for segregation of duties between HR and payroll and observe clock card use to test these controls.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    11 views1 page

    Payroll System

    Uploaded by

    Fatemah Mohamedali
    The payroll system at Raspberry Co has key controls to reduce risks. The HR department sets up new employees separately from payroll and uses clock cards to track employee hours worked, which are automatically transferred to payroll to ensure accurate payment amounts. Production employees must swipe their cards at the start and end of shifts while under video observation to prevent buddy punching or payment for hours not worked. Auditors review job descriptions for segregation of duties between HR and payroll and observe clock card use to test these controls.

    Copyright:

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

    KEY CONTROLS
    Raspberry Co has a separate human resources (HR) department which is responsible for setting
    up all new employees.

    Having a segregation of duties between human resources and payroll departments reduces the
    risk of fake employees being employed and paid too.

    The clock card information identifies the employee number and the number of hours worked ,
    this report is done by the human resource department.
    As the hours worked are automatically transferred into the payroll system, this reduces the risk
    of less or more payment as correct amount to be paid shall be calculated.

    Production employees have got clock cards which they need to swipe at the start and end of
    their shift, which is being observed by security 24 hours.
    Employees only paid for the amount of hours they worked , if worked less then paid less.
    Also employees cannot swipe cards for their fellow employees as they are being observed 24
    hours

    TEST OF CONTROL BY AUDITOR


    Review the job descriptions of payroll and HR to confirm the segregation of duties , also setting
    up of new members.

    Observe the use of clock cards by the employees


    Make sure the security is keeping an eye on the process and if any variance identified discuss
    with the team.

    INVENTORY SYSTEM LEMON QUARTZ


    CATERPILLAR CASH SYSTEM

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