Review the controls listed in the following table. For each one, identify the risks an organization would face if those controls did not exist or were ineffective. 1. Control Provide notification of involuntary termination to the HR department the same day as notice is received. 2. Review and approve the payroll journal prior to distribution of payments. 3. 4. Mail annual tax reports (W-2s) to employees for tax filing purposes. Only the HR department can extend offer letters for employment. 5. The IT department removes systems access for terminated employees in a timely manner. 6. 7. 8. 9. 10. 00 Collect corporate credit cards in possession of an exiting employee during the exit interview. Reconcile the list of employees receiving W-2s to the employee main table to verify that the company accounts for all employees. Maintain a comprehensive employee handbook. Employees make changes to employee personal information directly via an online portal. Review new hire documentation prior to employee record creation. Violating employment laws for hiring may result in la