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Question 3 Hay Sixteen (Pty) Ltd is a wholesale distributor of agricultural products. its accounting Systems are computerised and are resident on a local area
Question 3 Hay Sixteen (Pty) Ltd is a wholesale distributor of agricultural products. its accounting Systems are computerised and are resident on a local area network. The following information pertains to the company's computerised salary system: 1. Al employees at Hay Sixteen (Pty) Ltd are salary earmers. There are no houriv paid employees. 2. The company has a staff of approximately 75 employees. 3. All personnel matters are the responsibility of the company's human resource section which is headed by Katherine Peenar and staffed by lan Patty and Kim Robbits. 4. Derek Dark is the financial manager and he has Dverall resporisibility for ail accountine and financial matters. 5. All salaries are paid by electronic funds transfer on the last Friday of every month. 6. The employee masterfile is maintained by the human resource department along with all relevant supporting employee documentation. 7. EFT payments are made via the internet. The company's bank has loaded its software onto the company's system to facilitate the payment of salaries by EFT and the downloading of bank statements and other documentation as required. There is also an enquiry facility on the company's bank accounts. YOU ARE REQUIRED TO describe the application controls you would expect to find in place at Hay Sixteen (Pty) Ld to ensure that salary payments are valid, accurate and corriplete
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