aue202-audit-wages[1] - The disbursing clerk should mark...

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Internal Controls over PAYMENT OF WAGES Physical security must exist over cash for disbursement as wages The amount due to each employee should be recorded on a payslip, which should be handed to the employee together with a sealed wage envelope Each worker should be properly identified before the particular wage is paid Disbursement should proceed in the presence of an authorized official, who supervises the proper distribution of wage envelopes
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Unformatted text preview: The disbursing clerk should mark off in the wage records all wages that are paid out Employees should sign the wage record as evidence of having received their wages During the payout of wages . Preparation of wages . Calculation of wages payable should be checked by an independent person Time registers or clock cards must be used Maintenance of personnel records...
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