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5.3 You have been hired to evaluate the payroll system for the Skip-
Rope Manufacturing Company. The company processes its payroll in-
house. Use Table 15-1 as a reference to prepare a list of questions to
evaluate Skip-Rope’s internal control structure as it pertains to payroll
processing for its factory employees. Each question should be phrased
so that it can be answered with either a yes or a no; all no answers
should indicate potential internal control weaknesses. Include a third
column listing the potential problem that could arise if that particular
control were not in place.(CPA Exam, adapted)
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ACCT 571 Week 6 Homework Assignment