Question

which of the following best describes effective internal control over payrooll​

Answer 1

Answer:

The preparation of the payroll must be under the control of the personnel department. ... The confidentiality of employee payroll data should be carefully protected to prevent fraud

Explanation:

please mark me as BRAINLIEST and give thanks

Answer 2

The duties of hiring, payroll computation, and payment to employees should be segregated.

• Internal payroll controls are the practises your company does to safeguard payroll data. The controls and procedures in place for payroll keep employees from having access to private data. Internal controls shield staff members from defrauding your company of funds through overpayments and fabricated timesheets.
• In order to create vouchers, purchase orders, receiving reports, and vendor invoices are independently matched.
• The following are the main payroll risks: Payroll is knowingly understated. Payments are made to unsuitable parties. Duplicate payments are given to employees.
• Without adequate internal control payroll systems in place, a company runs the danger of paying out benefits to people who are no longer employed there or who have been fired. The business may also lose assets if dishonest employees receive overpayments, and it may spend more than necessary on payroll record-keeping.
• An effective internal control system offers a reasonable level of assurance that an organization's policies, procedures, activities, behaviours, and other elements, when considered as a whole, enable the organization's effective and efficient operation, ensure the calibre of internal and external reporting, and support compliance with.

#SPJ2