Multiple Choice
The most important means of verifying account balances in the payroll and personnel cycle are
A) tests of controls and substantive tests of transactions.
B) analytical procedures and tests of controls.
C) analytical procedures and substantive tests of transactions.
D) tests of controls and tests of details of balances.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: An analytical procedure to determine a possible
Q18: "Physical control over assets" is not a
Q19: In audits of companies in which payroll
Q20: When auditing the payroll and personnel cycle,
Q21: Auditors should determine whether the client has
Q23: The auditor _ rely on the internal
Q24: On most audits, the calculation for payroll
Q25: Which of the following statements about the
Q26: While most cycles include at least two
Q27: Imprest accounts usually carry a significant balance.