When a company uses a service organization to prepare its payroll, the company's auditors need to understand the internal controls over the transaction regardless of the location of the control.
<h3>What is meant by payroll?</h3>
A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive.
Payroll is the process of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.
A Payroll Specialist with 2-3 years of work experience can earn an average income of up to 7 lakh per year. In addition, you may be eligible for a bonus between INR 30,000 and INR 40,000, based on your performance and work history.
Regardless of where the control is placed, the internal controls over the transaction must be understood by the company's auditors when the firm contracts a service provider to produce its payroll.
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Answer:
Core team members join the project on a temporary basis to perform specific project activities
as necessary.
Explanation:
Answer:
common market
Explanation:
We are not told anything about the political status of contries A, B and C, so we should assume that they lack political unity, therefore they are forming only a common market.
A common market is defined by a group of countries that impose few or no duties to common trade between them, but impose common tariffs on external trade.
The European Union started as a common market during the 1960s and 1970s known as the European Economic Community. Then it evolved into a political union. Another example would be the Mercosur in South America.
