below presents the payroll procedures of XYZ Limited. We discussed various aspects of such payroll procedures. In the light of that discussion, identify the potential frauds possible in the payroll system of XYZLimited. Also, discuss the control techniques to avoid these frauds

below presents the payroll procedures of XYZ Limited. We discussed various aspects of such payroll procedures. In the light of that discussion, identify the potential frauds possible in the payroll system of XYZLimited. Also, discuss the control techniques to avoid these frauds

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Payroll
Department
Employee
Supervisor
Time
Card
Time
Card
Time
Card
Supervisor Approves
and Signs Time Cards
Prepare
Paychecks
Paycheck
Paycheck
Paycheck
Supervisor Distributes
Paychecks to Employees

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