Multiple Choice
If there is an error in wage rates,such errors can typically escalate into material amounts.What characteristic of the human resources and payroll cycle causes this?
A) many repeated transactions
B) the presence of independent verification
C) the use of outsourcing organizations for payroll
D) an error in the starting cheque number in a cheque run
Correct Answer:
Verified
Correct Answer:
Verified
Q35: The human resources and payroll cycle is
Q36: You have been working on the audit
Q37: Which of the following internal controls would
Q38: When auditing the human resources and payroll
Q39: List the common key controls for the
Q41: Which of the following internal controls would
Q42: General controls must be evaluated and their
Q43: Even though the tests of controls are
Q44: To test whether the client has fulfilled
Q45: The internal auditor is running a computer-assisted