- This topic has 1 reply, 2 voices, and was last updated 10 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
What do you mean by standing data with regards to payroll cycle..what does it mean by Standing data could be
compromised as a risk in payroll cycle ?Standing data = reference data = dats that does not change frequently such as:
Rate of pay
Employee namse and address
Tax codes
Employee bank account details.Whereas managers might authorise hours worked every time a time sheet is submitted, they are unlikely to check rate of pay every week. So, if that is changes many weeks of wages could be paid incorrectly.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.