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NEED HELP PLEASE You are the new payroll manager for the Build a Moose Toy Company. Build a Moose is a smaller manufacturer, and it
NEED HELP PLEASE
You are the new payroll manager for the Build a Moose Toy Company. Build a Moose is a smaller manufacturer, and it is cost-effective for the company to process payroll in-house. As part of your initial work, you are reviewing the controls that are in place for payroll, and you want to ensure that the correct control owners are aligned with the controls. Using the table below, review the controls in place and identify the correct owner(s) for each control. Control Control Owner 1. Complete a payroll processing checklist. 2. Review and approve the payroll journal prior to distribution of payments. 3. Mail annual tax report (W-2) to each employee for tax filing purposes. 4. Conduct an independent review of employees receiving paychecks by comparing the list to other credible employee listings, such as an active company directory. 5. Provide a payroll calendar to employees. 6. Review and sign payroll checks. 7. Reconcile the list of employees receiving W-2s to the employee main table to account for all employees. 8. Distribute payroll expense reports to department managers for explanations of significant variances. 9. Perform changes to personal information directly via an online portal. 10. Review and remit payments for payroll withholdings on a timely basis to government agencies. Accounts Payable Accounting Manager/HR Manager Controller Controller/HR Manager Department Manager Employee Employee/HR Manager HR Manager Payroll Manager Payroll Manager/Controller Payroll Manager/Department ManagerStep by Step Solution
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