Multiple Choice
Which of the following is a key control for the transaction-related audit objective of accuracy?
A) The time records are approved by a supervisor.
B) The payroll checks are prenumbered and accounted for.
C) The payroll master file contents are internally verified.
D) The batch totals are compared with computer summary reports.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q36: As a part of the auditor's responsibility
Q38: A key internal control which the auditor
Q39: When performing the tests of details of
Q40: Which of the following statements is false?<br>A)
Q41: When labor is a material part of
Q42: To minimize the opportunity for fraud, unclaimed