ASSURANCE 2 - T/F

Reviewing changes to statutory deductions helps to ensure that changes to the calculation of gross pay are processed correctly

• T

• F

Reviewing wages paid against budgets and timesheets helps to ensure that employees are only paid for the work that they have done

• T

• F

The payroll should be checked back to individual employee personnel records on a regular basis

• T

• F

Leavers and joiners should be authorized by junior staff of human resources department”

• T

• F

Re-performance of calculation is unnecessary where the payroll system is computerised.

• T

• F

Reviewing wages paid against wages budgeted helps to ensure that employees are being paid the correct amounts

• T

• F

Requiring employees to clock in and out of work helps to ensure that they are paid at the correct rate

• T

• F

The payroll master file should contain details of the employee’s cumulative statutory deduction to date

• T

• F

“Changes in pay rates should be authorized by senior management”.

• T

• F

“Material difference between book inventory and actual inventory must be invesstigated and corrected”. Is it true or false in respect of perpetual inventory counts?

• T

• F