Requirements Chocolate Arts Inc. needs your assistance in documenting its business processes for the payroll cycle for paying employees. The following is a narrative. Every Friday after calculating time and payroll, a second payroll clerk runs a database query to retrieve payroll information. This payroll clerk performs a random check of employee time and pay to verify accuracy and validity. Then the payroll clerk inserts check forms and paystubs into a dedicated laser printer and prints the paychecks and paystubs. The controller reviews the paychecks and signs the checks. The payroll clerk inserts the checks and stubs into window envelopes and mails the checks to employees. Requirements Complete the following for Chocolate Arts, Inc. 1. Annotate the narrative; label and number the events. 2. Create an Event-Agent-Database (EAD) table. 3. Build level-0 DFDs for each event in the EAD table and present a combined level-0 DFD. Resources Please refer to the "DFD Supplemental Reading" file in the Blackboard/Course Content section, including a description of "Ten Steps to Build a DFD". Use the "Ten Steps ..." as your guide to complete the requirements. Given the complexities and risks associated with auditing the revenue cycle, auditors must remain vigilant and adaptable in their approach. One area that often garners attention is revenue recognition in industries with long-term contracts, such as construction or software development. how do auditors typically navigate the nuances of revenue recognition when dealing with long- term contracts that span multiple reporting periods? 4. The most important part of Project 1 is that you don't want to mix the main/important events with the unimportant/minor events in the Level 0 DFD. Unimportant events could be moved to Level 1 DFD, which is not required in this project. My suggestion for the main events: Process Payroll Information --> Generate Paycheck --> Review and Sign Paycheck - to Employees You can also argue that we do not need "Mail to Employees" here on Level 0. --> Mail