Multiple Choice
From an audit point of view, which one of the following would NOT be an important internal control in the personnel cycle?
A) physical control over assets and records
B) reconciliation of total payroll expense in the general ledger with the payroll tax returns and the group certificates
C) adequate separation of duties
D) proper authorisation of changes in pay rates
Correct Answer:

Verified
Correct Answer:
Verified
Q31: Which one of the following internal accounting
Q32: When labour is a significant part of
Q33: When the client's physical inventory takes place
Q34: The auditor should be satisfied that acquisitions
Q35: From which one of the following evidence-gathering
Q37: Perpetual inventory master files maintained by persons
Q38: A purchase order is often used to
Q39: What is the most important factor related
Q40: Which items should auditors select when testing
Q41: The internal control which requires that 'cheques