Title: ACC 492 Week 2 Assignments from the Text Sample content: Week 2 Assignments from the Text 16-33 (Control Activities in Payroll Processing) As part of the audit of Manor Company, you are assigned to review and test the payroll transactions of the Galena plant. Your tests show that all numerical items were accurate. The proper hourly rates were used, and the wages and deductions were calculated correctly. The payroll register was properly footed, totaled, and posted. Various plant personnel were interviewed to ascertain the payroll procedures being used in the department. You determine that: 1. The payroll clerk receives the time cards from the various department supervisors at the end of each pay period, checks the employees hourly rate against information provided by the personnel department, and records the regular and overtime hours for each employee. 2. The payroll clerk sends the time cards to the plants data processing department for compilation and processin

1. ACC 492 Week 2 Assignments from the Text
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2. ACC 492 Week 2 Assignments from the Text
Sample content:
Week 2 Assignments from the Text 16-33 (Control Activities in Payroll Processing)
As part of the audit of Manor Company, you are assigned to review and test the
payroll transactions of the Galena plant. Your tests show that all numerical items
were accurate. The proper hourly rates were used, and the wages and deductions
were calculated correctly. The payroll register was properly footed, totaled, and
posted. Various plant personnel were interviewed to ascertain the payroll
procedures being used in the department. You determine that: 1. The payroll clerk
receives the time cards from the various department supervisors at the end of each
pay period, checks the employees hourly rate against information provided by the
personnel department, and records the regular and overtime hours for each
employee. 2. The payroll clerk sends the time cards to the plants data processing
department for compilation and processing. 3. The data processing department
returns the time cards with the printed checks and payroll register to the payroll
clerk on completion of the processing. 4. The payroll clerk verifies the hourly rate
and hours worked for each employee by comparing the detail in the payroll register
to the time cards. 5. If errors are found, the payroll clerk voids the computer-
generated check, prepares another check for the correct amount, and adjusts the
payroll register accordingly. 6. The payroll clerk obtains the plant signature plate
from the accounting department and signs the payroll checks. 7. An employee of
the personnel department picks up the checks and holds them until they are
delivered to the department supervisors for distribution to the employees. Required
a. Identify the shortcomings in the payroll procedures used in the payroll
department of the Galena plant and suggest corrective actions. b. Identify the
weaknesses, if any, that you believ
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