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Accounting, follow attached instructions, if you need more info please let me know asap Problem 15.2 (page 463). Answer requirements a-j and please describe the
Accounting, follow attached instructions, if you need more info please let me know asap
Problem 15.2 (page 463). Answer requirements a-j and please describe the internal control procedures. Label each answer with matching question with question included in answer. Answer should be labeled a with question then answer to match question a. 15.2. What internal control procedure(s) would be most effective in preventing the following errors or fraudulent acts? a. An inadvertent data entry error caused an employee's wage rate to be overstated in the payroll master file. b. A fictitious employee payroll record was added to the payroll master file. c. During data entry, the hours worked on an employee's time card for one day were accidentally entered as 80 hours, instead of 8 hours. d. A computer operator used an online terminal to increase her own salary. e. A factory supervisor failed to notify the HRM department that an employee had been fired. Consequently, paychecks continued to be issued for that employee. The supervisor pocketed and cashed those paychecks. f. A factory employee punched a friend's time card in at 1:00 p.m. and out at 5:00 p.m. while the friend played golf that afternoon. g. A programmer obtained the payroll master file and increased his salary. h. Some time cards were lost during payroll preparation; consequently, when paychecks were distributed, several employees complained about not being paid. i. A large portion of the payroll master file was destroyed when the disk pack containing the file was overwritten when used as a scratch file for another application. j. The organization was fined $5,000 for making a late quarterly payroll tax payment to the IRSStep by Step Solution
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