ACC 492 Week 2 Individual Assignment From the Text, 16-33, 16-35

May 1st, 2015
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ACC 492 Week 2 Individual Assignment From the Text, 16-33, 16-35

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ACC492 Week 2 individual 16-33a. Shortcoming: The supervisors do not verify hours for payroll. This allows employees to falsify hours by clocking in and/or out for one another.Corrective action: Supervisors need to continually monitor the hours employees work, employees who have quit or have been fired, the hours employees call in sick, and have vacation time.Shortcoming: The payroll clerk can void an employees payroll check and rewrite it.Corrective action: When error is discovered the employee should be required to return the check with errors to the data processing department along with any documentation of existing errors and ask for a new check.Shortcoming: Lack of segregation of duties exists.Corrective action: The company should have more than one employee who works in the payroll department. Payroll clerks should work independently from the accounting and data processing departments. Different duties should be given to each payroll clerk; the duties should be rotated periodically.b. Weakness1. Supervisor needs to supply documentation sheets with time cards containing information of employees name, hours worked, hourly rates or salary, and the de

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