menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 7: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts, Audit of the Payroll and Personnel Cycle, Audit of the Inventory and Warehousing Cycle
  5. Question
    What Are Two Possible Reasons That Internal Controls Over Payroll
Solved

What Are Two Possible Reasons That Internal Controls Over Payroll

Question 14

Question 14

Essay

What are two possible reasons that internal controls over payroll are effective for most companies?

Correct Answer:

verifed

Verified

Government penalties encourage...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: Auditor tests of physical controls over raw

Q10: Most companies use an imprest account to

Q11: The auditor _ to test the accuracy

Q12: Auditors may extend their tests of payroll

Q13: What types of tests are available to

Q15: In deciding the useful life of an

Q16: When may auditors observe the physical inventory

Q17: Records that include data such as employment

Q18: Once the initial audit of a newly

Q19: Wages expense is normally considered to be

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines