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production cycle, Human resources management and Payroll cycle - Coggle…

- - - - controls
        
        accounting analysis of costs arising from product design choices
        
        Analysis of warranty and repair costs
- - - - controls
        
        Review and approval of production schedules and orders
        
        Restriction of access to production order and production schedules
        
        Production planning systems
- - - - controls
        
        Training
        
        Performance reports
    - - controls
        
        Proper apporval of fixed-assets acquisitions
    - - controls
        
        Restriction of physical access to fixed assets
        
        Maintaining detailed records of fixed assets
        
        Physical inventory of all fixed assets
    - - controls
        
        Physical safeguards
        
        Insurance
    - - controls
        
        Segregation of duties
        
        Restriction of access to inventory master data
        
        Documentation of all inventory movement
        
        Periodic physical counts of inventory and reconciliation of those counts to recorded quantities
        
        Physical access controls
    - - controls
        
        Network and logical access controls
        
        Backup and disaster recovery plan
- - - - Bar codes
      - RFID tags
    - - job-time ticket
      - Coded identification cards which workers run through a badge reader or bar-code when they start or finish any task
    - - Expenditure cycle information system
  - - - Time-driven activity-based costing
    - - Innovative performance metrics
    - - Source data automation
      - Data processing integrity controls
- - - - Theft or fraudulent distribution of paycheck
        
        Controls
        
        Require proper supporting documentation for all paychecks
        
        Use a separate checking account for payroll, maintained as an imprest fund
        
        Prenumbering and periodically accounting for all payroll checks and review of all EFT direct deposit transactions
        
        Segregation of duties
        
        Restriction of access to the EFT system
        
        Restriction of access to payroll master database
        
        Restriction of physical access to blank payroll checks and the check signature machine
        
        Redepositing unclaimed paychecks and investigating the cause
        
        Verification of identity of all employees receiving paychecks
    - - cashier signs a check transferring funds to the company's payroll bank account
        
        employees paid by direct deposit
  - - - Untimely payments
        
        controls
        
        Configuration of system to make required payments using current instructions from IRS
      - Inaccurate payments
        
        controls
        
        Supervisory review of reports
        
        Processing integrity goals
        
        Employee review of earnings statements
      - Failure to make required payments
        
        controls
        
        Configuration of system to make required payments using current instructions from IRS
  - - - Inaccurate time and data attendance
        
        controls
        
        Biometric authentication
        
        Segregation of duties
        
        Source data automation for data capture
        
        Supervisory review
  - - - unauthorized changes to payroll master data
        
        controls
        
        Segregation of duties
        
        Access controls
      - Inaccurate updating of payroll master data
        
        controls
        
        Data processing integrity controls
        
        Regular review of all changes to master payroll data
  - - - Errors in processing payroll
        
        Controls
        
        Supervisory review of payroll register and other reports
        
        Issuing earnings statement to employees
        
        Data processing integrity controls
        
        Review of IRS guidelines to ensure proper classification of workers as either employees or independent contractors