Exam 15: Audit of the Human Resources and Payroll Cycle

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Once the auditor has determined the company's policy for accruing wages and knows it is consistent with that of previous years, the appropriate audit procedure to test for cutoff and accuracy is to

(Multiple Choice)

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Question 61

Which of the following is an example of semi-permanent information that would be included in personnel records?

(Multiple Choice)

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Question 62

The internal auditor is running a computer-assisted audit test that compares names and wage rates in the personnel files (stored on optical disk) with the wage rates in the payroll master file and the whole year's payroll transaction files. What is the purpose of these tests?

(Multiple Choice)

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Question 63

In most audits, the amounts of the balance sheet accounts related to payroll are

(Multiple Choice)

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Question 64

The human resources department would likely provide which of the following internal controls for the human resources and payroll cycle?

(Multiple Choice)

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Question 65

The auditor's primary concern in testing payroll liabilities is to make sure that

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Question 66

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Once the auditor has determined the company's policy for accruing wages and knows it is consistent with that of previous years, the appropriate audit procedure to test for cutoff and accuracy is to

Which of the following is an example of semi-permanent information that would be included in personnel records?

The internal auditor is running a computer-assisted audit test that compares names and wage rates in the personnel files (stored on optical disk) with the wage rates in the payroll master file and the whole year's payroll transaction files. What is the purpose of these tests?

In most audits, the amounts of the balance sheet accounts related to payroll are

The human resources department would likely provide which of the following internal controls for the human resources and payroll cycle?

The auditor's primary concern in testing payroll liabilities is to make sure that

The Demand for Audit and Other Assurance Services

The Public Accounting Profession and Audit Quality

Legal Liability

Professional Judgment and Ethics

Audit Responsibilities and Objectives

Client Acceptance and Planning the Audit

Materiality and Risk

Internal Controls and Control Risk

Audit Evidence

Audit Strategy and Audit Program

Audit Sampling Concepts

Audit of the Revenue Cycle

Audit of the Acquisition and Payment Cycle

Audit of the Inventory and Distribution Cycle

Audit of the Capital Acquisition and Repayment Cycle

Audit of Cash Balances

Completing the Audit

Audit Reports on Financial Statements

Other Assurance and Nonassurance Services

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