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What is Payroll Control and Risk Management about?
Petra Co utilizes a clock card system linked to payroll to ensure accurate employee payment and prevent fraudulent clock-ins. The payroll process includes supervisory checks to verify calculations and maintain segregation of duties, reducing the risk of errors and fraud. However, there are control deficiencies regarding the setup of new customers in the receivables ledger, as the accounting clerk lacks sufficient authority and oversight, potentially leading to errors and fraud.
- Author
- lucky98.shireen
- Language
- EN