For a company that outsources payroll processing, which of the following is the BEST way to ensure that only authorized employees are paid?
A. The company’s bank reconciliations should be independently prepared and checked.
B. Employees should receive pay statements showing gross pay, net pay, and deductions.
C. Only payroll employees should be given the password for data entry and report retrieval.
D. Electronic payroll reports should be independently reviewed.
A. The company’s bank reconciliations should be independently prepared and checked.
B. Employees should receive pay statements showing gross pay, net pay, and deductions.
C. Only payroll employees should be given the password for data entry and report retrieval.
D. Electronic payroll reports should be independently reviewed.