Multiple Choice
Which of the following is a substantive test of transactions?
A) Review personnel policies.
B) Account for a sequence of payroll checks.
C) Reconcile the disbursements in the payroll journal with the disbursements on the payroll bank statement.
D) Examine printouts of transactions rejected by the computer as having invalid employee IDs.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Which of the following statements about the
Q26: While most cycles include at least two
Q27: Imprest accounts usually carry a significant balance.
Q28: The primary purpose of a surprise payroll
Q29: Payroll checks should be distributed by someone
Q31: The human resources department is considered to
Q32: Once the auditor determines that the company's
Q33: Which of the following types of audit
Q34: In auditing payroll, the auditor wants to
Q35: Auditors seldom expect to find misstatements when