Question 1

The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the

Accepted Answer

A)  administrative controls from the internal accounting controls. 
B)  human resources function from the controllership function. 
C)  operational responsibility from the record-keeping responsibility. 
D)  authorization of transactions from the custody of related assets. 
A)  administrative controls from the internal accounting controls. 
B)  human resources function from the controllership function. 
C)  operational responsibility from the record-keeping responsibility. 
D)  authorization of transactions from the custody of related assets.

Question 2

The Hamster Stop has $93,650 in the Accrued Payroll account.Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days.If controls are strong,determine whether additional audit work should be performed on this account.

Accepted Answer

Because the accrual is for three days,we

Question 3

An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that

Accepted Answer

A)  payments to employees are computed at authorized rates. 
B)  employees worked the number of hours for which they are paid. 
C)  segregation of duties exists between the preparation and distribution of the payroll. 
D)  internal controls relating to unclaimed payroll checks are operating effectively. 
A)  payments to employees are computed at authorized rates. 
B)  employees worked the number of hours for which they are paid. 
C)  segregation of duties exists between the preparation and distribution of the payroll. 
D)  internal controls relating to unclaimed payroll checks are operating effectively.

The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the

The Hamster Stop has $93,650 in the Accrued Payroll account.Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days.If controls are strong,determine whether additional audit work should be performed on this account.

An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that

An Introduction to Assurance and Financial Statement Auditing

The Financial Statement Auditing Environment

Audit Planning, Types of Audit Tests, and Materiality

Risk Assessment

Evidence and Documentation

Internal Control in a Financial Statement Audit

Auditing Internal Control Over Financial Reporting

Audit Sampling: An Overview and Application to Tests of Controls

Audit Sampling: An Application to Substantive Tests of Account Balances

Auditing the Revenue Process

Auditing the Purchasing Process

Auditing the Inventory Management Process

Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment

Auditing the Financinginvesting Process: Long-Term Liabilities, Stockholders Equity, and Income Statement Accounts

Auditing the Financinginvesting Process: Cash and Investments

Completing the Audit Engagement

Reports on Audited Financial Statements

Professsional Conduct,Independence,and Quality Control

Legal Liability

Assurance,Attestation,amd Internal Auditing Services-professional Judgement Module

Filters

Exam 12: Auditing the Human Resource Management Process

The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the

The Hamster Stop has $93,650 in the Accrued Payroll account.Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days.If controls are strong,determine whether additional audit work should be performed on this account.

An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that

An Introduction to Assurance and Financial Statement Auditing

The Financial Statement Auditing Environment

Audit Planning, Types of Audit Tests, and Materiality

Risk Assessment

Evidence and Documentation

Internal Control in a Financial Statement Audit

Auditing Internal Control Over Financial Reporting

Audit Sampling: An Overview and Application to Tests of Controls

Audit Sampling: An Application to Substantive Tests of Account Balances

Auditing the Revenue Process

Auditing the Purchasing Process

Auditing the Inventory Management Process

Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment

Auditing the Financinginvesting Process: Long-Term Liabilities, Stockholders Equity, and Income Statement Accounts

Auditing the Financinginvesting Process: Cash and Investments

Completing the Audit Engagement

Reports on Audited Financial Statements

Professsional Conduct,Independence,and Quality Control

Legal Liability

Assurance,Attestation,amd Internal Auditing Services-professional Judgement Module

Filters