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Question 8 4 Points B. Each of the following internal controls has been taken from a standard internal control questionnaire used by a CPA firm
Question 8 4 Points B. Each of the following internal controls has been taken from a standard internal control questionnaire used by a CPA firm for assessing control risk in the payroll and personnel cycle. 1. All prenumbered time records are accounted for before beginning data entry for preparation of payroll. 2. The computer calculates gross and net pay based on hours inputted and information in employee master files, and payroll accounting personnel double check the mathematical accuracy on a test basis. 3. Online ability to add employees or change pay rates to the payroll master file is restricted via passwords to authorized human resource personnel. 4. All checks and notices of electronic payments not distributed to employees are returned to the treasurer for safekeeping and follow-up. a. For each internal control, identify the type(s) of specific control activity (or activities) to which it applies. b. For each internal control, identify the transaction-related audit objective(s) to which it applies. Try to use the following format for your answer Control Activity Transaction-related audit objectives # Use the editor to format your
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