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Good afternoon. I'm working on this problem, and I am not sure if I prepare the system flowchart is right or not. Could you show
Good afternoon. I'm working on this problem, and I am not sure if I prepare the system flowchart is right or not. Could you show me the system flowchart in this assignment please, thank you!
Falk CPA firm employs 3 CPAs. Each inputs their hours worked in real time to their office computer which is linked to an office wide network. All time worked is coded either billable to a specific client or non-billable for office meetings, continuing education, etc... Every two weeks, Falk runs a computer program on the network which summarizes the total hours worked by each employee and shows a breakdown of the total by client. Falk prints this report and examines it for reasonableness. If the report seems accurate Falk gives the report which shows total hours by cach CPA to the office manager who calculates the payroll, records the biweekly pay in the payroll journal and updates the employee subsidiary ledger. The accounting system simultaneously updates the general ledger as we manager prints the paychecks which are given to Falk for signing. Falk examines the checks for reasonableness and signs them. Falk then distributes the checks and the employees cheer and tell him he is a wonderful human being. ll. The office What compensating control offisets any deficiencies in the above system? Prepare a ysfem louchasitStep by Step Solution
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