Unformatted text preview: Chapter_10_Solution;_Manual {2003-09-21 14:13:55} - Windows Internet EXPIOI'EI HF= Deals ' '2' f - Q HF‘Games (iii) Learn at HP
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transactions and activities. Recorded transactions exist. An unauthorized or invalid time card turned in by an existing
employee. The time card may be for an employee who
formerly worked for the company or one who is temporarily
laid off. An employee could be claiming too many hours by having a
friend punch him or her in early, or by making manual
changes on time cards. Check to see that all employees that are punched in one day
are physically present. Adequate documents and records.
Existing transactions are recorded.
A missing time card number never could be identified before
preparation of payroll starts.
d. An employee would not be paid for a time period. (T he
employee is almost certain to bring this to management‘s
attention.) The primary benefit of the control would be to
prevent misstatements for a short period of time and to
prevent employee dissatisfaction from failure to pay them.
e. Obtain a list of company employees and make sure that
each one has received a paycheck for the time period in v
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