Multiple Choice
Which one of the following circumstances would NOT cause an auditor to extend payroll procedures considerably?
A) There is a possibility of material fraudulent payroll transactions.
B) There is a lack of independent third- party evidence, such as confirmations.
C) Payroll significantly affects inventory valuation.
D) There is a deficient internal control structure.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Describe the methodology for designing tests of
Q60: A major difficulty in the verification of
Q71: The primary concern in testing payroll- related
Q72: After the payroll total has been agreed
Q73: Which one of the following is a
Q74: The document that indicates such things as
Q75: The file for recording each payroll transaction
Q77: A document indicating a reduction in the
Q78: From which one of the following evidence-
Q81: In connection with the client's physical count