Using information found in chapters 13, 15, and 16 of the textbook, describe, in detail, the controls over personnel and payroll, fixed assets, or long-term debt. Only post on one of the three topics given. Your initial post should be approximately 250-300 words and cite at least one reference used in preparing your response. Participate in follow-up discussion by commenting on your classmates’ posts or responding to follow-up questions posted by your instructor. All posts should be grammar and spell checked in Word.
Payroll Controls – Payroll is one of the inherently risky accounts for all companies. Examine the way that you are paid at your place of employment and assess what payroll controls seem to be in place there. For example, do you get a check or direct deposit? How is your pay per period assessed? What if you want to change some of your personal information? What is the process to make changes? If you do not work, consider a past job or ask a friend to discuss his or her company’s payroll processes with you. (Initial post should be approximately 250 to 300 words, and should cite at least one outside source. All posts must be grammatically correct.)