Centennial College AccountingInformation System IFinal ExamAs a recently hired internal auditor for the Emerson Department Store (which has approximately 500 employees on its payroll), you are currently reviewing the store's procedures for preparing and distributing the weekly payroll. These procedures are as follows. Each Monday morning the managers of the various departments (e.g., the women's clothingdepartment, the toy department, and the home appliances department) turn in their employees'time cards for the previous week to the accountant (Morris Smith). Morris then accumulates the total hours worked by each employee and submits this informationto the store's computer centre to process the weekly payroll. The computer centre prepares a transaction tape of employees' hours worked and thenprocesses this tape with the employees' payroll master tape file (containing information such aseach employee's Social Insurance Number, exemptions claimed, hourly wage rate, year-to-dategross wages, provincial and fe