Response should be approximately 250-500 words and cite at least one reference used in preparing each response.
1. Payroll Controls – Payroll is one of the inherently risky accounts for all companies. Examine the way that you are paid at your place of employment and assess what payroll controls seem to be in place there. For example, do you get a check or direct deposit? How is your pay per period assessed? What if you want to change some of your personal information? What is the process to make changes? If you do not work, consider a past job or ask a friend to discuss his or her company’s payroll processes with you.
2. Auditing Profession – Now that you have explored the concept of auditing, how does auditing differ from your prior expectations of this profession? What areas of auditing are of interest to you, if any? Why?