6/17/2023
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CHAPTER 8:
EMPLOYEE COSTS
Instructor: Assoc.Prof. Doan Thanh Nga, CPA (Aust.)
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CHAPTER 8 LEARNING OBJECTIVES
– Describe the business functions in payroll system
– Understand risks and control objectives; controls and apply test of
control in each stage:
+ Calculating wages and salaries
+ Recording of wages and salaries and deductions
+ Payment of wages and salaries
– Identify the deficiencies in payroll system.
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6/17/2023
BUSINESS FUNCTIONS IN PAYROL SYSTEM
There are three main stages in payroll system
1. Calculating wages and salaries
2. Recording of wages and salaries and deductions
3. Payment of wages and salaries
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1. CALCULATING WAGES
EMPLOYEE COSTS
Identify Risks
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