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Tugas SIA Expenditure Cycle Part 2 Walker Books

1. The payroll system at Walker Books lacks segregation of duties as the Account Payable Department prepares checks instead of a separate Cash Disbursement Department. 2. There is no supervision of the payroll process and no independent verification such as a review of timecards or reconciliation of payroll records. 3. The fixed asset system also lacks proper segregation of duties as the Account Payable Department has access to prepare checks instead of a separate Cash Disbursement Department. There is no independent verification through reconciliation in the General Ledger Department.

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355 views9 pages

Tugas SIA Expenditure Cycle Part 2 Walker Books

1. The payroll system at Walker Books lacks segregation of duties as the Account Payable Department prepares checks instead of a separate Cash Disbursement Department. 2. There is no supervision of the payroll process and no independent verification such as a review of timecards or reconciliation of payroll records. 3. The fixed asset system also lacks proper segregation of duties as the Account Payable Department has access to prepare checks instead of a separate Cash Disbursement Department. There is no independent verification through reconciliation in the General Ledger Department.

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nike
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Accounting Information System

Lecturer: Dr. Asniati, SE, MBA,

Expenditure cycle part 2


AK, CA, CSRA

Walker Books, Inc


By Kelompok 1:
1. 1710536008 : Vika Rahmiati
2. 1710536026 : Nike Yolanda
3. 1710536042 : Muhamad Jendy
4. 1710536044 : Putri Monalisa
5. 1710536070 : Yuni Melani
Flowchart Payroll System Walker Books, Inc
payroll Supervisor/manager Accout payable General ledger

start 1 4
3

Register hours Timesheet Payroll summary


worked on Payroll summary
timesheet

Keep at
Timesheet their desk Approve Write a check to General
until timesheet the imprest ledger
thursday account Post to GL

Timesheet Payroll summary


1 Payroll summary

2 2 file file

Timesheet

Prepare
check

Timesheet

check

Employe
e payroll
records &
Post to employee payroll
records & the register
payroll register

Make check
copy

Mail to the
employee
check

Check copy

timesheet

file
Make two
summaries and
printed

timesheet
Payroll
summary file
Payroll
summary

4
3
Data Flow Diagram Fixed Asset Walker Books, Inc
Data Flow Diagram Fixed Asset Walker Books, Inc
Weakness in the system according to the six categories of physical control
activities specified in SAS 78/COSO
Control activity Payroll System Fixed Asset System

Transaction Otorisasi transaksi sudah dilakukan oleh supervisor Otorisasi sudah dilakukan oleh manager tiap tiap
authorization masing-masing departemen. individual departemen.

Segregation of Tidak ada Cash Disbursement Department sehingga check Tidak ada pemisahan antara Account Payable Dept.
duties dibuat oleh Account Payable Department. dengan Cash Disbursement Dept. Check
seharusnya dibuat oleh Cash Disbursement Dept.
Bukan oleh Account Payable Department.

Supervision Tidak ada Tidak Ada

Accounting records Tidak ada time cards, job tickets, employee records Purchase Order tidak dikirim ke Account Payable
Department.

Access control Akses pembuatan check seharusnya dilakukan oleh Cash Yang mengakses pembuatan check adalah AP
Disbursement bukan Account Payable Departement. Department, seharusnya Cash Disbursement.

Seharusnya laptop komputer perusahaan tidak boleh Kemungkinan fraud bisa terjadi.
dibawa pulang kerumah.
Kemungkinan fraud bisa terjadi.

Independent Tidak ada review timecards, reconcile payroll register, Rekonsiliasi tidak ada dilakukan di General Ledger
verification reconcile accounting through general ledger. Department.

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