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The internal controls in relation to payroll for Stent Ltd includes the following.
1. Employees are paid fortnightly and must complete an online timesheet; standard hours are 76 per fortnight and any hours in excess of this require a supervisor to log on and approve the hours before the timesheet will be processed.
2. The payroll system takes the hourly rate from each employee's master file and multiplies this by the hours entered to calculate gross pay.
3. Payroll staff process fortnightly pay amounts; Human Resources department controls employee master file information.
4. PAYG and superannuation calculations are performed by the payroll system based on the calculations embedded in the software.
5. Only payroll staff are only able to log on to the payroll system and this access is restricted to only those computers in the Payroll department.
Required
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