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Key Segregation of Duties in Payroll Flashcards Preview

Auditing and Attestation > Key Segregation of Duties in Payroll > Flashcards

Flashcards in Key Segregation of Duties in Payroll Deck (9)
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1

Approval of wage or salary changes

Human Resources

2

Updating of personnel records

Human Resources

3

Updating of payroll records

Human Resources

4

Approval of time sheets and job classification

Operating or Supporting Department

5

Preparation of payroll

Payroll

6

Distribution of payroll checks

Treasurer

7

Comparison of monthly departmental payroll expense to budget

Operating or Supporting Department

8

Calculation and recording of payroll taxes

Payroll

9

Key segregation of duties

1. The supervision function should be segregated from the personnel records and payroll-processing function
2. The disbursement function should be segregated from the personnel records, supervision, and payroll-processing functions.
3. The payroll-processing function should be segregated from the general ledger function.

Decks in Auditing and Attestation Class (28):

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