Required: 1. Identify the risks inherent in the flowchart below. 2. Describe the controls that can mitigate the risks. Employee Forman Payroll Time Card Time Card Time Card Approve Time Card Time Card Prepare Payroll Paycheck Paycheck Reviews and Distributes
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Step 1: Identify that the flowchart represents a payroll process with three departments (Employee, Forman, and Payroll) where time cards flow from employees through approval to payroll processing. Show more…
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