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(共17张PPT)
Chapter 15The Human Resources Management and Payroll Cycle15-Learning ObjectivesDescribe the major business activities and related information processing operations performed in the human resources management (HRM)/payroll cycle.Discuss the key decisions to be made in the HRM/payroll cycle and identify the information needed to make those decisions.Identify the major threats in the HRM/payroll cycle and evaluate the adequacy of various internal control procedures for dealing with them.15-HRM and Payroll Cycle15-HRM and Payroll CycleManaging Employees:Recruiting and hiring new employeesTrainingJob assignmentCompensationPerformance evaluationDischarge of employees due to voluntary or involuntary termination15-HRM and Payroll Cycle ActivitiesUpdate master dataValidate time and attendancePrepare payrollDistribute payrollDisburse taxes and miscellaneous deductions15-HRM and Payroll General ThreatsInaccurate or invalid master dataUnauthorized disclosure of sensitive informationLoss or destruction of dataHiring unqualified or larcenous employeesViolations of employment laws15-HRM and Payroll General ControlsData processing integrity controlsRestriction of access to master dataReview of all changes to master dataAccess controlsEncryptionBackup and disaster recovery proceduresSound hiring procedures, including verification of job applicants’ credentials, skills, references, and employment historyCriminal background investigation checks of all applicants for finance-related positionsThorough documentation of hiring, performance evaluation, and dismissal procedures15-Update Master File ThreatsUnauthorized changes to payroll master dataInaccurate updating of payroll master data15-Update Master File ControlsSegregation of duties: HRM department updates master data, but only payroll department issues paychecksAccess controlsData processing integrity controlsRegular review of all changes to master payroll data15-Validation ThreatsInaccurate time and attendance data15-Validation ControlsSource data automation for data captureBiometric authenticationSegregation of duties (reconciliation of job-time tickets to time cards)Supervisory review15-Prepare Payroll ThreatsErrors in processing payroll15-Prepare Payroll ControlsData processing integrity controls: batch totals, cross-footing of the payroll register, use of a payroll clearing account, and a zero-balance checkSupervisory review of payroll register and other reportsIssuing earnings statements to employeesReview of IRS guidelines to ensure proper classification of workers as either employees or independent contractors15-Disburse Payroll ThreatsTheft or fraudulent distribution of paychecks15-Disburse Payroll ControlsRestriction of physical access to blank payroll checks and the check signature machineRestriction of access to the EFT systemPrenumbering and periodically accounting for all payroll checks and review of all EFT direct deposit transactionsRequire proper supporting documentation for all paychecksUse of a separate checking account for payroll, maintained as an imprest fundSegregation of duties (cashier versus accounts payable; check distribution from hiring/firing; independent reconciliation of the payroll checking account)Restriction of access to payroll master databaseVerification of identity of all employees receiving paychecksRe-depositing unclaimed paychecks and investigating cause15-Disburse Taxes and Deduction ThreatsFailure to make required paymentsUntimely paymentsInaccurate payments15-Disburse Taxes and Deductions ControlsConfiguration of system to make required payments using current instructions from IRS (Publication Circular E)Processing integrity controlsSupervisory review of reportsEmployee review of earnings statement15-

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