ACC 614 ACC614 WEEK 4 DQ 2 - PAYROLL AUTHORIZATION IN A COMPUTERIZED SYSTEM - ASHFORD
ACC 614 Week 4 Discussion 2 Payroll Authorization in a Computerized System
Payroll Authorization in a Computerized System [CLOs: 1, 3, 4]. 1st Post Due by Day 3. Two accountants were discussing control activities and test of controls for payroll systems. The senior accountant in charge of the engagement said, “It is impossible to determine who authorizes transactions when the payroll account is computerized.”
Referencing this week’s lecture, evaluate the senior accountant’s statement about control in a computerized payroll system. List the points in the flow of payroll information where authorization takes place. Respond to at least two of your classmates’ posts.
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