There Are Several Key Internal Controls Over the Payment of Payroll

question 43

Essay

There are several key internal controls over the payment of payroll function that should be present. For example, the payroll should be distributed by someone who is not involved in the other payroll functions. Discuss other key internal controls over the payment of payroll function.

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Definitions:

Output Winding

The coil or winding in an electrical machine from which the output is derived.

Primary

Refers to the first or main part of a system or device, such as the primary winding in a transformer which receives the initial electrical energy.

Tertiary

Pertaining to the third order, level, or stage in a sequence or hierarchy.

Tape-Wound Core

A core used in transformers and inductors, made by winding a tape of thin steel around a form, enhancing magnetic properties.