Multiple Choice
When examining payroll transactions,an auditor is primarily concerned with the possibility of
A) overpayments and unauthorized payments.
B) posting of gross payroll amounts to incorrect salary expense accounts.
C) misfootings of employee time records.
D) excess withholding of amounts required to be withheld.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: "Recorded payroll payments are for work actually
Q2: When the employees are paid automatically by
Q3: The correct cutoff and valuation of accrued
Q4: The human resources department would likely provide
Q6: Once the auditor has determined the company's
Q7: The auditor's primary concern in testing payroll
Q8: List examples of substantive test of details
Q9: The auditor should review the preparation of
Q10: A)There are several internal controls in the
Q11: Master file data is the semi-permanent data