Question

Explain the implication and provide a recommendation.

To prepare this analysis, she asked you to use the following table structure: Weakness Implication Recommendation

Payroll cycle:

• The payroll clerk automatically removes terminated employees from the spreadsheet.

Answer 1

Sl.no	Weakness Implication	Recommendation
1	Payroll clerk may remove the employees by accidently	The payroll clerk should not have access to delete any columns
2	Payroll clerk may remove the employees by Intentionally	After getting the proper approval from HR head, there should be authority to delete the employees
3	Deletion of employee before final settlement	After getting the no due certificates from all departments and employee, the deletion should happen.
4	Lack of internal controls	There should be Risk assessment control matrix for payroll process