MVF Company manufactures engine par

MVF Company manufactures engine parts for lawn mowers, snow blowers, and other types of yard care equipment. The company employs approximately 300 production employees. Production employees alternate back and forth between two shifts and are sometimes asked to work overtime.

MVF's CAE has asked Alyssa Worschard, a first-year internal auditor, to gather info about the controls over the company's production payroll process. Worschard reviewed the process, interviewed selected personnel, and documented the following info about the process.

The personnel department prepares a personnel action form when a production employee is fired or terminated. Action forms also are used to document personnel changes such as changes in pay rates, deductions, employee names, employee addresses, ets. A personnel department employee keys the info from the action forms into the computer each week to update the personel master file.

Production employees use a time clock to record the hours they work. At the end of each week, production supervisors collect the time cards, verify the number of hours worked for each employee, and document the total number of hours worked on each employee's time card. Each supervisor also counts the number of time cards collected and emails the count to MVF's treasurer.

Every Monday morning, a payroll employee collects the previous week's time cards from the production supervisors, sorts them by employee number, recalculates the total hours on each time card, keys the data from the time cards into the computer, and processes the production payroll. The system automatically assigns a sequential number to each payroll check produced. Blank checks are stored in a box next to the printer for immediate access. Controls are imbedded in the payroll application software to detect invalid employee numbers, unreasonably high numbers of hours worked, etc. The computer also determines whether overtime has been worked or a shift differential is required. Invalid data is printed on an error listing.

The payroll employee then:

*Prints the payroll register and payroll checks.

*Separates the checks into a valid batch and a batch of those that were included in the error listing.

*Uses the results of the payroll check run to update the employee earnings master file.

*Prepares the weekly payroll journal entry and posts the entry to the general ledger.

*Notifies the payroll manager tha the weekly processing of payroll transactions has been completed.

The payroll manager prepares a backup of the employee earnings master file on a DVD-ROM for storage in the computer room.

The valid and invalid batches of payroll checks are sent directly to MVF's treasurer. The treasurer agrees the number of valid checks received with the total number of time cards emailed by the production supervisors, signs the valid checks, and shreds the invalid checks. The treasurer stores the signed checks in the safe until they are given to the production supervisors for distribution no Friday. If an employee is absent when the checks are distributed, the supervisor returns the unclaimed check to the treasurer who keeps it in the safe until the employee comes to get it.

A. Based on the info presented above, and talking into consideration both manual and automated controls, describe the:

1. Control strengths in MVF Company's payroll process.

2. Control deficiencies in MVF Company's payroll process.

B. MVF Company's senior management, including the CAE, realizes that the company's payroll process needs to be upgraded.

1.Brainstorm ideas as to how the company could more effectively leverage IT to improve the payroll process.

2. Discuss the risk and control implications of the ideas generated in B.1

MVF's CAE has asked Alyssa Worschard, a first-year internal auditor, to gather info about the controls over the company's production payroll process. Worschard reviewed the process, interviewed selected personnel, and documented the following info about the process.

The personnel department prepares a personnel action form when a production employee is fired or terminated. Action forms also are used to document personnel changes such as changes in pay rates, deductions, employee names, employee addresses, ets. A personnel department employee keys the info from the action forms into the computer each week to update the personel master file.

Production employees use a time clock to record the hours they work. At the end of each week, production supervisors collect the time cards, verify the number of hours worked for each employee, and document the total number of hours worked on each employee's time card. Each supervisor also counts the number of time cards collected and emails the count to MVF's treasurer.

Every Monday morning, a payroll employee collects the previous week's time cards from the production supervisors, sorts them by employee number, recalculates the total hours on each time card, keys the data from the time cards into the computer, and processes the production payroll. The system automatically assigns a sequential number to each payroll check produced. Blank checks are stored in a box next to the printer for immediate access. Controls are imbedded in the payroll application software to detect invalid employee numbers, unreasonably high numbers of hours worked, etc. The computer also determines whether overtime has been worked or a shift differential is required. Invalid data is printed on an error listing.

The payroll employee then:

*Prints the payroll register and payroll checks.

*Separates the checks into a valid batch and a batch of those that were included in the error listing.

*Uses the results of the payroll check run to update the employee earnings master file.

*Prepares the weekly payroll journal entry and posts the entry to the general ledger.

*Notifies the payroll manager tha the weekly processing of payroll transactions has been completed.

The payroll manager prepares a backup of the employee earnings master file on a DVD-ROM for storage in the computer room.

The valid and invalid batches of payroll checks are sent directly to MVF's treasurer. The treasurer agrees the number of valid checks received with the total number of time cards emailed by the production supervisors, signs the valid checks, and shreds the invalid checks. The treasurer stores the signed checks in the safe until they are given to the production supervisors for distribution no Friday. If an employee is absent when the checks are distributed, the supervisor returns the unclaimed check to the treasurer who keeps it in the safe until the employee comes to get it.

A. Based on the info presented above, and talking into consideration both manual and automated controls, describe the:

1. Control strengths in MVF Company's payroll process.

2. Control deficiencies in MVF Company's payroll process.

B. MVF Company's senior management, including the CAE, realizes that the company's payroll process needs to be upgraded.

1.Brainstorm ideas as to how the company could more effectively leverage IT to improve the payroll process.

2. Discuss the risk and control implications of the ideas generated in B.1

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MVF Company manufactures engine parts for lawn mowers, snow blowers, and other types of yard care equipment. The company employs approximately 300 production employees. Production employees alternate back and forth between two shifts and are sometimes asked to work overtime.MVF's CAE has asked Alyssa Worschard, a first-year internal auditor, to gather info about the controls over the company's production payroll process. Worschard reviewed the process, interviewed selected personnel, and documented the following info about the process.The personnel department prepares a personnel action form when a production employee is fired or terminated. Action forms also are used to document personnel changes such as changes in pay rates, deductions, employee names, employee addresses, ets. A personnel department employee keys the info from the action forms into the computer each week to update the personel master file.Production employees use a time clock to record the hours they work. At the end of each week, production supervisors collect the time cards, verify the number of hours worked for each employee, and document the total number of hours worked on each employee's time card. Each supervisor also counts the number of time cards collected and emails the count to MVF's treasurer.Every Monday morning, a payroll employee collects the previous week's time cards from the production supervisors, sorts them by employee number, recalculates the total hours on each time card, keys the data from the time cards into the computer, and processes the production payroll. The system automatically assigns a sequential number to each payroll check produced. Blank checks are stored in a box next to the printer for immediate access. Controls are imbedded in the payroll application software to detect invalid employee numbers, unreasonably high numbers of hours worked, etc. The computer also determines whether overtime has been worked or a shift differential is required. Invalid data is printed on an error listing.The payroll employee then:*Prints the payroll register and payroll checks.*Separates the checks into a valid batch and a batch of those that were included in the error listing.*Uses the results of the payroll check run to update the employee earnings master file.*Prepares the weekly payroll journal entry and posts the entry to the general ledger.*Notifies the payroll manager tha the weekly processing of payroll transactions has been completed.The payroll manager prepares a backup of the employee earnings master file on a DVD-ROM for storage in the computer room.The valid and invalid batches of payroll checks are sent directly to MVF's treasurer. The treasurer agrees the number of valid checks received with the total number of time cards emailed by the production supervisors, signs the valid checks, and shreds the invalid checks. The treasurer stores the signed checks in the safe until they are given to the production supervisors for distribution no Friday. If an employee is absent when the checks are distributed, the supervisor returns the unclaimed check to the treasurer who keeps it in the safe until the employee comes to get it.
A. Based on the info presented above, and talking into consideration both manual and automated controls, describe the:

1. Control strengths in MVF Company's payroll process.

2. Control deficiencies in MVF Company's payroll process.

B. MVF Company's senior management, including the CAE, realizes that the company's payroll process needs to be upgraded.

1.Brainstorm ideas as to how the company could more effectively leverage IT to improve the payroll process.

2. Discuss the risk and control implications of the ideas generated in B.1

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MVF Perusahaan memproduksi bagian-bagian mesin untuk mesin pemotong rumput, blower salju, dan jenis lain dari peralatan perawatan halaman. Perusahaan ini mempekerjakan sekitar 300 karyawan produksi. Karyawan produksi bergantian bolak-balik antara dua shift dan kadang-kadang diminta untuk bekerja lembur.

MVF ini CAE telah meminta Alyssa Worschard, auditor internal pertama tahun, untuk mengumpulkan info tentang kontrol atas proses produksi penggajian perusahaan. Worschard Ulasan proses, mewawancarai personil yang dipilih, dan didokumentasikan info berikut tentang proses.

Departemen personil mempersiapkan bentuk tindakan personel ketika seorang karyawan produksi dipecat atau dihentikan. Bentuk tindakan juga digunakan untuk perubahan personil dokumen seperti perubahan tingkat gaji, pemotongan, nama karyawan, alamat karyawan, ets. Sebuah tombol karyawan departemen tenaga info dari tindakan membentuk ke dalam komputer setiap minggu untuk memperbarui file pribadi induk.

Karyawan Produksi menggunakan jam waktu untuk merekam jam mereka bekerja. Pada akhir setiap minggu, supervisor produksi mengumpulkan kartu waktu, memverifikasi jumlah jam kerja untuk setiap karyawan, dan mendokumentasikan jumlah jam kerja pada kartu waktu setiap karyawan. Setiap pengawas juga menghitung jumlah kartu waktu dikumpulkan dan email hitungan ke bendahara MVF ini.

Setiap Senin pagi, seorang karyawan gaji mengumpulkan kartu waktu minggu sebelumnya dari supervisor produksi, macam mereka dengan jumlah karyawan, kalkulasi ulang total jam pada setiap kartu waktu , kunci data dari kartu waktu ke dalam komputer, dan proses penggajian produksi. Sistem ini secara otomatis memberikan nomor urut untuk setiap cek gaji yang dihasilkan. Cek kosong disimpan dalam kotak di sebelah printer untuk akses langsung. Kontrol yang tertanam dalam perangkat lunak aplikasi penggajian untuk mendeteksi nomor yang tidak valid karyawan, tidak masuk akal tingginya jumlah jam kerja, dll Komputer juga menentukan apakah lembur telah bekerja atau diferensial pergeseran diperlukan. Data yang tidak valid dicetak pada kesalahan daftar.

Karyawan penggajian kemudian:

* Mencetak gaji mendaftar dan penggajian cek.

* Memisahkan cek ke batch valid dan batch dari mereka yang termasuk dalam kesalahan daftar.

* Menggunakan hasil penggajian cek run untuk memperbarui file laba karyawan induk.

* Siapkan jurnal gaji mingguan dan posting yang masuk ke buku besar.

* Memberitahu manajer penggajian tha pengolahan mingguan transaksi penggajian telah selesai.

manajer gaji mempersiapkan cadangan penghasilan karyawan file induk pada DVD-ROM untuk penyimpanan di ruang komputer.

The batch sah dan tidak sah dari cek gaji dikirim langsung ke bendahara MVF ini. Bendahara setuju jumlah cek valid diterima dengan jumlah total kartu waktu diemail oleh supervisor produksi, menandatangani cek valid, dan cabik cek valid. Bendahara menyimpan cek ditandatangani dalam aman sampai mereka diberikan kepada supervisor produksi untuk distribusi tidak ada hari Jumat. Jika seorang karyawan tidak hadir ketika cek didistribusikan, pengawas mengembalikan cek yang tidak diklaim ke bendahara yang menyimpannya dalam aman sampai karyawan datang untuk mendapatkannya.

A. Berdasarkan info yang disajikan di atas, dan berbicara mempertimbangkan baik kontrol manual dan otomatis, menggambarkan:

1. Mengontrol kekuatan dalam proses penggajian MVF Perusahaan.

2. Kontrol kekurangan dalam proses penggajian MVF Perusahaan.

B. Manajemen senior MVF Perusahaan, termasuk CAE, menyadari bahwa proses penggajian perusahaan perlu ditingkatkan.

1.Brainstorm ide bagaimana perusahaan bisa lebih efektif memanfaatkan TI untuk meningkatkan proses penggajian.

2. Diskusikan risiko dan pengendalian implikasi dari ide-ide yang dihasilkan di B.1

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