FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Figure 4.1 below presents the payroll procedures of AAA 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 AAA Limited. Also, discuss the control techniques to avoid these frauds.

Payroll
Department
Empioyee
Supervisor
Time
Time
Card
Time
Card
Card
Supervisor Approves
and Signs Time Cards
Prepare
Paychecks
Paycheck
Paycheck
Paycheck
Supervisor Distributes
Paychecks to Employees
expand button
Transcribed Image Text:Payroll Department Empioyee Supervisor Time Time Card Time Card Card Supervisor Approves and Signs Time Cards Prepare Paychecks Paycheck Paycheck Paycheck Supervisor Distributes Paychecks to Employees
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