Multiple Choice
The auditor's primary concern in testing payroll liabilities is to make sure that
A) expense has not been overstated,thus reducing profits.
B) there are no understated or omitted accruals.
C) employees' T4 slips are accurate.
D) salaries of officers have not been misclassified as wages.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: When the employees are paid automatically by
Q3: The correct cutoff and valuation of accrued
Q4: The human resources department would likely provide
Q5: When examining payroll transactions,an auditor is primarily
Q6: Once the auditor has determined the company's
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
Q12: Which of the following best describes proper