Chapter 11, Problem 11RQ

To determine

Payroll Control:

The employee remuneration expenses are an important part of cost for an organization. The payroll calculation and payments need to be effectively controlled to mitigate the risk of errors and frauds and protect the organization from losses. The errors might include error in calculating the hours worked, overtime hours, changes in the rate, timesheet not accurately filled.

Also, there may be a possibility that payments may be made for dummy employees and fraudulent transactions made from the bank account for payroll processing.

To determine:

The two main controls for payroll and example of each of them