Payroll Processing
WHY?
Payroll processing involves the accurate calculation and distribution of employee wages, taxes, and deductions. Proper controls reduce the risk of payroll fraud, ensure compliance with tax regulations, and guarantee that employees are paid accurately and on time.
HOW?
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1. Segregation of Duties
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2. Authorization Controls
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3. Payroll Processing Controls
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4. Payroll Disbursement Controls
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Q&A
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