Multiple Choice
Which of these is not a source of potential misstatement for the function of recording a payment?
A) a cheque may be issued for unauthorised purchases.
B) a cheque may not be recorded promptly.
C) errors may be made in recording cheques.
D) all of the above are sources of potential misstatement for the function of recording a payment
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Payroll functions include all of the following
Q37: Test data may be used to test
Q38: Tests of details of transactions for payables
Q39: In witnessing a payroll distribution, the auditor
Q40: Responsibility for updating of the personnel data
Q41: Which of these is the least likely
Q43: The batching of payroll documents is normally
Q44: Controls specific to the recording of cash
Q45: Controls over the preparation and signing of
Q46: A programmed routine in the edit run