Name: Honey Grace T.

Panes Date: March 15, 2024

Course: BSA 3 Subject: Auditing in CIS

Control Class Control Point in the System

Transaction Authorization Job Tickets, Time Card Approval

Segregation of Duties Production department separate from cost

accounting department.
General ledger separate from other accounting
function
Paycheck Signing
Contact with banks
Preparing and disbursing checks

Accounting Records Employee Records, Labor Distribution Summary,

Payroll register, Check copy, Time cards, WIP
Ledger, Voucher, Check Register

Independent Verification General ledger reconciles overall system.

Cost Accounting function reconciles production
and labor cost.

Completeness of compensation disclosure Ensure proper disclosures have been made for
share-based compensation.