Are any time lags in recording economic events typically experienced in payroll systems? If so,...

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Accounting

Are any time lags in recording economic events typically experienced in payroll systems? If so, what are they? Discuss the accounting profession's view on this matter as it pertains to financial reporting. The management of an organisation with a remote workforce is concerned that employees are clocking on for others who are not actually at work. What controls would reduce this risk?

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