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An organization has its weekly payroll processed by a Bank. The Bank receives timesheets and payroll adjustment forms and issues checks (cheques) and reports back to the organization. What is the most effective way to ensure data accuracy for payroll?

Checks (cheques) should be compared to input forms.

Payroll reports should be compared to input forms.

Third party validation of input forms and checks (cheques).

Manually recalculate net payroll.

Checks (cheques) should be reconciled with output reports.

Explanation

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