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Payroll Cycle - Coggle Diagram
Payroll Cycle
Substantive Testing
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Completeness
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Through enquiry and observation, confirm that the procedures are complied with, and that sufficient controls and segregation of duties exist
Accuracy
Sample of payroll runs
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Follow through to physical paid cheques / any proof of payment and ensure that two cheque signatories have signed as evidence of review and authorisation for payment
Recording
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Select a sample of payroll runs and inspect for different functions performed by verifying various signatures
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Functions
Payroll Preparation
Calculate wages, deduction & nett wages
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