Identify whether the control is an automated application control (AC) a manual con- trol done by Gilman employees (MC), or a manual control with an automated com- ponent (MAC).
Following are 10 key internal controls in the payroll cycle for Gilman Stores, Inc. Key Controls 1. To input hours worked, payroll accounting personnel input the employee’s identi- fication number. The system does not allow input of hours worked for invalid em- ployee numbers. 2. The system generates a listing by employee name of payments […]