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Can you list four control objectives of a wage system?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/25
CMA NANDHU KOTTARATH
by CMA NANDHU KOTTARATH , Manager - Strategic Planning & Financial Analysis , Hoshanco Holding

The below is some control object of a wage system.

1. To Ensure all wages are authorized.- all the wages has to be authorized by appropriate authority.

2. To ensure wages are paid only to valid employees- This has to be ensure through employee attendance sheet and payroll data.

3. To ensure wages are properly recorded in the books.

4. To ensure wages are paid as per the correct rate and only paid for work done.

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