Which misappropriations would be detected by the surprise payroll payoff? How is the payoff done if employees do not receive payroll checks because payment is directly deposited into their bank accounts?
The following are various asset misappropriations involving the payroll and personnel cycle: 1. A supervisor does not notify human resources that an hourly employee has left the company. He continues to submit time records for the employee. The money is Required In-class Discussion Required Chapter 20 / AUDIT OF THE PAYROLL AND PERSONNEL CYCLE 697 […]