Question

Discussion 6: Chapter 6 Internal Controls over Payroll

Discuss internal controls over payroll including how physical documents are used for control.

Your post must be at least 300 words, formatted and cited in proper APA style with support from at least 2 academic sources.

Answer 1

Payroll involves a lot of sensitive and personal employee information. It is important for employers to keep all that information safe. You also need to prevent payroll fraud. You need to limit the employees or responsible persons who has access to payroll information and the person who can make changes to your small business payroll.

In large businesses, payroll internal controls involve dividing payroll tasks among departments and employees. Dividing tasks ensures many people have their eyes on the payroll process, meaning someone has less ability to commit fraud among mnay people.so mainly internal control over payroll must be strictly ensured in small businesses.

the main internal controls in any organisations are

1.detection

2.prevention

3.correction